Sales Tax and Value Added Tax

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.

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.

Sales tax is levied on ____.

1. Cost Price

2. Selling Price

3. Marked Price

4. Discount

Q.

John bought a plane ticket for $150. How much does John pay overall if tax rate is 10%?

1. $175

2. $165

3. $160.25

4. $170

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

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

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

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

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. The cost of a shirt bought from the mall is ₹ 1500 and the sales tax charged is 15%. Find the bill amount.

1. ₹ 1525
2. ₹ 1725
3. ₹ 2225
4. ₹ 1925