Shaalaa.com | Sales Tax and Value Added Tax
A shopkeeper buys an article for Rs. 7,500 and increases its price. He sells this article for Rs. 9,156 including 9% sales tax on the increased price. Calculate by how much per cent the shopkeeper increases the price of the article.
Mrs. Sheela bought a washing machine marked at Rs. 9,375. The rate of sales tax is 6%. She asks the shopkeeper to reduce the price of the washing machine to such an extent that she has to pay Rs. 9,275 inclusive of sales tax. Find the reduction needed in the price of the washing machine.
A shopkeeper purchases an article for Rs. 6,200 and sells it to a customer for Rs. 8500. If the sales tax (under VAT) is 8%; find the VAT paid by the shopkeeper.
The catalogue price of a computer set is Rs. 42,000. The shopkeeper gives a discount of
10% on the listed price. He further gives an off-season discount of 5% on the discounted
price. However, sales tax at 8% is charged on the remaining price after the two successive
1)the amount of sales tax a customer has to pay
2)the total price to be paid by the customer for the computer set.
A dealer buys an article at a discount of 30% from the wholesaler, the marked price being Rs. 6000. The dealer sells it to a shopkeeper at a discount of 10% on the marked price. If the rate of the VAT is 6%, find
1) The price paid by the shopkeeper including the tax.
2) The VAT paid by the dealer
A manufacturer marks an article for Rs 10,000. He sells it to a wholesaler at 40% discount. The wholesaler sells this article to a retailer at a discount of 20% on the marked price. If the retailer sells the article to a customer at 10% discount and the rate of sales tax is 12% at each stage; find the amount of VAT paid by the (i) wholesaler (ii) retailer.
A trader buys an unfinished article for Rs 1,800 and spends Rs 600 on its finishing, packing, transportation, etc. He marks the article at such a price that will give him 20% profit. How much will a customer pay for the article including 12% sales tax.