______ is the reduction given on marked price by the shopkeeper.

VAT

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Loss

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Discount

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Sales tax

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Solution

The correct option is C
Discount

Discount

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Similar questions

A shopkeeper buys an item at a discount of 20% which has a marked price (M.P) of Rs. 3000 and pays a sales tax at the rate of 8%. The shopkeeper sells the article to a buyer at marked price, and charges a sales tax at the rate of 10%. Find the VAT paid by the shopkeeper.

Q. A shopkeeper allows a discount of 10% on the marked price of an item but charges a sales tax of 8% on the discounted price. If the customer pays Rs. 680.40 as the price including the sales tax, then what is the marked price of the item ?

A shopkeeper sells an article at its marked price of ₹ 7500 and charges sales-tax at the rate of 12% from the customer.

If the shopkeeper pays a VAT of ₹ 180, calculate the price inclusive of tax paid by the shopkeeper.

Q. A shopkeeper sells an article at its marked price (Rs.

7, 500

) and charges sales-tax at the rate of

12 %

from the customer. If the shopkeeper pays a VAT of Rs.

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The marked price of an item is Rs 8000. The manufacturing company of the item sells it to a shopkeeper at a discount of 15%. The shopkeeper sells it to consumer at the marked price. If the rate of sales tax (under VAT) on the item is 6%, find:

i) the amount of VAT paid by the company

ii) the amount of VAT paid by the shopkeeper

iii) the amount which the consumer paid for the item

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______ is the reduction given on marked price by the shopkeeper.

The correct option is C Discount Discount

The correct option is C
Discount

Discount