The exercise duty at rate of 150% one has to pay against amount of Rs 3,00,000 is?

Rs 450,000

Rs 90,000

Rs 120,000

None of these

To calculate the exercise duty at a rate of 150% on an amount of Rs 3,00,000, you need to follow these steps:

Understand the Rate: The rate of 150% means you need to calculate 150% of Rs 3,00,000.

Convert the Percentage to a Decimal: 150% can be written as 1.5 in decimal form.

Multiply the Amount by the Rate:

Exercise Duty=Amount×Rate

Exercise Duty=3,00,000×1.5

Exercise Duty=4,50,000