Does marked price include tax?

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Solution

No Marked price does not include Tax.
Cost Price includes Tax

CP = MP + tax

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Q. a) A shopkeeper sells an item at the price of Rs 810 including sales tax of 8%. What should a customer pay for the same item if the sales tax is reduced to 6%?

b) The price of TV set inclusive of sales tax of 9% is Rs 13,407. Find its marked price. If the sales tax is increased to 13%. how much more does the customer pay for the TV?
[6 MARKS]

Q. Smith buys an article marked at Rs.

2, 200.

The rate of Sales Tax is

12 %

. He asks the shopkeeper to reduce the price of the article to such an extent that he does not have to pay anything more than Rs.

2, 240

including Sales Tax. Calculate the reduction, as percent, needed in the marked price of the article.

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Does marked price include tax?

No Marked price does not include Tax. Cost Price includes Tax CP = MP + tax

No Marked price does not include Tax.
Cost Price includes Tax

CP = MP + tax