What is an octroi? (1) Tax (2) Tax collection centre (3) Tax processing centre (4) Tax information centre

What is an octroi? (1) Tax (2) Tax collection centre (3) Tax processing centre (4) Tax information centre
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(1) Tax Explanation: Octroi is a local tax which is collected by the state government on those goods that have been bought into the city/state for the purpose of personal use and sale. The charges on the items are generally levied after on the weight, value and total number of goods. It is levied on certain articles, such as foodstuffs, on their entry into a city.
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Preethi bought 240 reams of brown sheet at Rs 200 per ream and the expenditure on transport Was Rs 960. she had to pay an octroi duty of 1Rs per ream and the labour charges were Rs 120. What should she charge per ream to gain 80%(in Rs)?

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