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Standard XI
Business Studies
Benefits and Disadvantages of Statutory Corporation
is a tax that...
Question
_________ is a tax that is added on to the sale or the price of goods and services.
A
Sales tax
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B
Compound interest
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C
Income tax
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D
Simple interest
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Solution
The correct option is
A
Sales tax
Sales tax
–
––––––––
–
is a tax that is added on to the sale or the price of goods and services.
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Similar questions
Q.
Choose the correct alternative:
The tax on goods and services purchased and is usually a certain percentage added to buyer's cost.
Q.
Find the selling price of a towel of Rs.
50
when a sales tax of
5
%
is added to it.
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