Computation of tax including problems involving discounts, list-price, profit, loss, basic/cost price including inverse cases
- Computation of Tax
The printed price of an article is Rs. 60,000. The wholesaler allows a discount
of 20% to the shopkeeper. The shopkeeper sells the article to the customer at the
printed price. Sales tax (under VAT) is charged at the rate of 6% at every stage. Find:
(1) The cost to the shopkeeper inclusive of tax.
(2) VAT paid by the shopkeeper to the Government.
(3) The cost to the customer inclusive of tax.
Tarun bought and article for Rs. 8000 and spent Rs. 1000 for transportation. He marked the article Rs. 11,700 and sold it to a customer. If the customer had to pay 10% sales tax, find:
(1) the customer’s price
(2) Tarun’s profit percent.
A manufacturer marks an article for Rs. 5000. He sells it to a wholesaler at a discount of 25% on the marked price and the wholesaler sells it to a retailer at a discount of 15% on the marked price. The retailer sells it to a consumer at the marked price and at each stage, the VAT is 8%. Calculate the amount of VAT received by the government from:
(1) the wholesaler,
(2) the retailer.
Rajat purchases a wrist-watch costing Rs 540. The rate of sales tax is 8%. Find the total amount paid by Rajat for the watch.
The price of a washing machine, inclusive of sales tax is Rs 13,530/-. If the sales tax is 10%, find its basic cost price.
Sarita purchases biscuits costing Rs 158 on which the rate of sales tax is 6%. She also purchases some cosmetic goods costing Rs 354 on which the rate of sales tax is 9%. Find the total amount to be paid by Sarita