Sales Tax and Value Added Tax

Q.

A man purchases two clocks A and B at a total cost of $₹650$. He sells A at $20\%$ profit and B at a loss of $25\%$ and gets the same selling price for both the clocks. What are the purchasing prices of A and B respectively?

Q.

Sales tax is levied on ____.

1. Cost Price

2. Selling Price

3. Marked Price

4. Discount

Q. A watch was bought for ₹2700 including 8% VAT. Find its price before the VAT was added.

1. ₹2700
2. ₹2550
3. ₹2500
4. ₹2600

Q.

The ratio of income to the expenditure of a family is $7:6$. Find the savings if income is $₹21000$.

Q. If 14 kg of pulses cost ₹ 882, what is the cost of 22 kg of pulses?
(a) ₹ 1254
(b) ₹ 1298
(c) ₹ 1342
(d) ₹ 1386

Q. Use the given information and fill in the boxes with suitable numbers. Smt. Deepanjali purchased a house for ₹7, 50, 000 from Smt. Leelaben through an agent. Agent has charged 2% brokerage from both of them.

(1) Smt. Deepanjali paid $\boxed{0}\times \frac{\boxed{0}}{\boxed{0}}$ = ₹ $\boxed{0}$ brokerage for purchasing the house.

(2) Smt. Leelaben paid brokerage of ₹ $\boxed{0}$

(3) Total brokerage received by the agent is ₹ $\boxed{0}$

(4) The cost of house Smt. Deepanjali paid is ₹ $\boxed{0}$

(5) The selling price of house for Smt. Leelaben is ₹ $\boxed{0}$.

Q. If 8 oranges cost ₹ 52, how many oranges can be bought for ₹ 169?
(a) 13
(b) 18
(c) 26
(d) 24

Q.

Is the cash discount recorded in the journal?

Q. Find the original price of the table if the bill amount is ₹2200 and the VAT imposed on it is 10%.

1. ₹ 1500
2. ₹ 2000
3. ₹ 1800
4. ₹ 2100

Q. Vikash buys a refrigerator at a discount of 20% on the marked price. He spends ₹ 50 on maintenance. If he sells it for ₹ 2100 inclusive of sales tax @ 5% on marked price, then calculate his profit.

1. 17.89%
2. 21.21%
3. 12.81%
4. 29.29%

Q. The cost of a refrigerator is ₹ 6000 and the sales tax charged is 9%. Find the bill amount.

1. ₹ 6540
2. ₹ 8540
3. ₹ 7640
4. ₹ 8240

Q.

Question 62

The cost of a book marked at Rs 190 after paying a sales tax of 2% is Rs. 192.

Q. Cost price of an item is ₹ 1000. If the sales tax charged is 20% of cost price, then the bill to be paid is

1. ₹1000
2. ₹1200
3. ₹1400
4. ₹1500

Q. A TV set was bought for ₹26, 250 including 5% VAT. The original price of the TV set is _____.

1. ₹27, 562.50
2. ₹24, 937.50
3. ₹26, 245
4. ₹25, 000

Q. In an entertainment programme, 250 tickets of ₹ 400 and 500 tickets of ₹ 100 were sold. If the entertainment tax is 40% on a ticket of ₹ 400 and 20% on a ticket of ₹ 100, then find how much entertainment tax was collected from the programme?

Q.

Question 45

5% sales tax is charged on an article marked Rs 200 after allowing a discount of 5%, then the amount payable is ___.

Q.

A family went to a restaurant for dinner. The bill amounting ₹ 3000 was handed which was not inclusive of the 4% value added tax (VAT). The new bill would be:

1. Rs 3120

2. Rs 3300

3. Rs 3395

4. Rs 3595

Q.

Where is the cash discount recorded?

Q. A watch was bought for ₹2700 including 8% VAT. Find its price before the VAT was added.

1. ₹2600
2. ₹2550
3. ₹2500
4. ₹2700

Q. If the bill amount of an item of cost price ₹ 1975 is ₹ 2187, then the VAT paid on this item is

1. ₹ 212
2. ₹ 223
3. ₹ 195
4. ₹ 365

Q.

A shopkeeper buys an article at a rebate of $30\%$ on the printed price(Marked Price). He spends ₹ 40 on transportation of the article. After charging sales tax at the rate of $7\%$ on the printed price, he sells the article for ₹ 856. Find his profit percentage.

1. $42\frac{1}{2}\%$

2. $39\frac{1}{3}\%$

3. $39\frac{1}{8}\%$

4. $42\frac{2}{3}\%$

Q.

Question 42

The cost of a tape recorder is Rs 10800 inclusive of sales tax charged at 8%. The price of the tape recorder before sales tax was charged, is ___.

Q. Shyama purchases a scooter costing ₹36450 and the rate of sales tax is 9%, then the total amount paid by her is ______.

1. ₹36490.50
2. ₹39730.50
3. ₹36454.50
4. ₹33169.50

Q. Shyama purchases a scooter costing ₹36450 and the rate of sales tax is 9%, then the total amount paid by her is ______.

1. ₹36490.50
2. ₹39730.50
3. ₹36454.50
4. ₹33169.50

Q. In an entertainment programme, 250 tickets of ₹ 400 and 500 tickets of ₹ 100 were sold. If the entertainment tax is 40% on a ticket of ₹ 400 and 20% on a ticket of ₹ 100, then find how much entertainment tax was collected from the programme?

Q.

Question 124

The table shows the cost of sunscreen of two brands with and without sales tax. Which brand has a greater sales tax rate? Give the sales tax rate of each brand ?$\begin{array}{ccc}\text{Quantity}& \text{Cost(in Rs.)}& \text{Cost+Tax(in Rs)}\\ X\left(100g\right)& 70& 75\\ Y\left(100g\right)& 62& 65\end{array}$

Q. The Goods and Service Tax act came into effect on __________.

Q. The rent for a light equipment is $₹1200$ and the tax levied is $₹90$. What is the tax rate?

1. 6.5%
2. 7%
3. 7.5%
4. 8%

Q. A shopkeeper sells an article for ₹16800 with GST = 18%. A customer willing to buy this article, asks the shopkeeper to reduce the price of the article so that he pays only ₹18000 including GST. If the shopkeeper agrees for this, how much reduction will the shopkeeper give?

Q. If the tax on a ₹ 100 article is 20%, then what is the final cost of the purchase?

1. ₹122
2. ₹ 124
3. ₹ 120
4. ₹ 160