MyQuestionIcon

4

You visited us 4 times! Enjoying our articles? Unlock Full Access!

Finding Sales Tax / VAT

Manoj buys a ...

Question

Manoj buys a leather coat costing Rs. 900 at Rs. 990 after paying the VAT. Calculate the VAT charged on the cost.

Open in App

Solution

Cost price of coat = Rs. 900
And sale price including VAT = Rs. 990
$∴$ Amount of VAT
=Rs. 990 - Rs. 900 = Rs. 90
$∴$ Rate of VAT $= \frac{90 \times 100}{900} = 10 %$

Suggest Corrections

thumbs-up

32

Similar questions

Q. Manoj buys a lather coat costing Rs 900 at Rs 990 after paying the VAT. Calculate the rate of VAT charge on the coat.

Q. John wants to buy something that costs

R s . 230

before VAT. VAT is charged at

0.5 %

. Calculate the total cost after VAT is added.

Q. Mike wants to buy something that costs

R s . 1350

before VAT. VAT is charged at

14 %

. Calculate the total cost after VAT is added.

Q. Tanya buys a leather coat costing Rs. 3,600, the rate of Sales Tax being 10%. She asks the shopkeeper to reduce the price of the coat to pay anything more than Rs. 3,366 including Sales Tax. Calculate the reduction needed in the cost price of the coat.

Q. Rakesh goes to a departmental store and purchases the following articles:
(i) biscuits and bakery products costing Rs 50, VAT @ 5%,
(ii) medicines costing Rs 90, VAT @ 10%,
(iii) clothes costing Rs 400, VAT @ 1%, and
(iv) cosmetics costing Rs 150, VAT @ 10%.
Calculate the total amount to be paid by Rakesh to the store.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Sales Tax and Value Added Tax

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Finding Sales Tax / VAT

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon