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 sells an article at its list price (Rs 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?
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.
A bicycle is available for Rs 1,664 including sales tax. If the list price of the bicycle is Rs 1,600, find :
(1) the rate of sales tax.
(2) the price, a customer will pay for the bicycle if the sales tax is increased by 6%.
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 wholesaler buys a TV from the manufacturer for Rs. 25,000. He marks the price of TV 20% above his cost price and sells it to a retailer at a 10% discount on the market price. If the rate of the VAT is 8%, find the :
1) Market price
2) Retailer’s cost price inclusive of tax.
3) VAT paid by the wholesaler.