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Standard VIII

Mathematics

Finding Sales Tax / VAT

A person buys...

Question

A person buys electronic goods worth Rs 10,000 for which the sales tax is 4% and other material worth Rs 15,000 for which the sales tax is 6%. He manufactures a gadget using all these and sells it at 15% profit. What is his selling price?

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Solution

The total sales tax on electronic goods is and the total sales tax on other materials is .

Thus, the total cost of the gadgets is Rs (10000 + 15000 + 900 + 400) = Rs. 26300.

Now, we have C.P. = Rs. 26300 and Profit% = 15%.

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A person buys electronic goods worth Rs 10,000 for which the sales tax is 4% and other material worth Rs 15,000 for which the sales tax is 6%. He manufactures a gadget using all these and sells it at 15% profit. What is his selling price?

The total sales tax on electronic goods is and the total sales tax on other materials is . Thus, the total cost of the gadgets is Rs (10000 + 15000 + 900 + 400) = Rs. 26300. Now, we have C.P. = Rs. 26300 and Profit% = 15%.

The total sales tax on electronic goods is and the total sales tax on other materials is .

Thus, the total cost of the gadgets is Rs (10000 + 15000 + 900 + 400) = Rs. 26300.

Now, we have C.P. = Rs. 26300 and Profit% = 15%.