A scholarship of $1200 is awarded to a student. If the student has to pay 15% ta

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Question: A scholarship of $1200 is awarded to a student. If the student has to pay 15% tax on it, how much does he receive after tax?

Options:

Correct Answer: $1080

Solution:

Tax amount = 15% of $1200 = $180. Amount received after tax = $1200 - $180 = $1020.

A scholarship of $1200 is awarded to a student. If the student has to pay 15% tax on it, how much does he receive after tax?

A scholarship of $1200 is awarded to a student. If the student has to pay 15% tax on it, how much does he receive after tax?

Step 1: Identify the total scholarship amount, which is $1200.
Step 2: Calculate the tax amount by finding 15% of $1200.
Step 3: To find 15% of $1200, multiply $1200 by 0.15 (which is 15% as a decimal).
Step 4: The calculation is $1200 * 0.15 = $180. This is the tax amount.
Step 5: Subtract the tax amount from the total scholarship amount to find out how much the student receives after tax.
Step 6: The calculation is $1200 - $180 = $1020. This is the amount received after tax.

Percentage Calculation – Understanding how to calculate a percentage of a given amount.
Subtraction – Performing subtraction to find the net amount after tax.