MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Finding Sales Tax / VAT

The bill amou...

Question

The bill amount of an article is Rs 550 and its sale price is Rs 500. Find the rate of sales tax charged.

A

12%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

10%

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

C

15%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

5%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is B
10%

Suggest Corrections

thumbs-up

2

Similar questions

Q. A shopkeeper sells an article at its list price (

R s . 3, 000

) and charges sales-tax at the rate of

12 %

. If the VAT paid by the shopkeeper is Rs.

72

, at what price did the shopkeeper buy the article inclusive of sales-tax ?

Q. The marked price of an article is Rs.

900

and the rate of sales tax on it is

6 %

.If on selling the article at its marked price, a retailer has to pay Rs

4.80

; find the money paid by him (including sales tax) for purchasing the article.

Q. Mr. Gupta purchased an article for Rs.

702

including Sales Tax. If the rate of Sales Tax is

8 %

, find the sale price of the article.

Q. The marked price of an article is Rs.

900

and the rate of sales-tax on it is

6 %

. If on selling the article at its marked price, a retailer has to pay VAT= Rs.

4.80

. find the money paid by him (including sales-tax) for purching this article.

Q. An article is marked at

Rs. 500

. The wholesaler sells it to a retailer at

20 %

discount and charges sales-tax on the remaining price at

12.5 %

. The retailer, in turn, sells the article to a customer at its marked price and charges sales-tax at the same rate. Calculate:
(i) the price paid by the customer
(ii) the amount of VAT paid by the retailer.

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