Video Tutorials For All Subjects
- Introduction to Sales Tax and Value Added Tax
Tarun bought an article for ₹ 8,000 and spent Rs 1,000 on its transportation. He marked the article at 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 per cent.
A shopkeeper buys a camera at a discount of 20% from the wholesaler, the printed price of the camera being Rs 1,600 and the rate of sales tax being 6%. The shopkeeper sells it to a buyer at the printed price and charges tax at the same rate. Find:
The price at which the camera can be bought from the shopkeeper.
The VAT (Value Added Tax) paid by the shopkeeper.
A retailer sells an article for Rs 5,350 including 7% sales tax on the listed price. If he bought it at a discount and has made a profit of 25% on the whole, find the rate of discount the retailer received.
An article is marked at Rs 4,500 and the rate of sales tax on it is 6%. A trader buys this article at some discount and sells it to a customer at the marked price. If the trader pays Rs 81 as VAT; find:
How much per cent discount does the trader get?
The total money paid by the trader, including tax, to buy the article.
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:
1) The price paid by the customer.
2) The VAT paid by the retailer.
Madan purchases a compact computer system for Rs 47,700 which includes 10% rebate on the marked price and then a 6% sales tax on the remaining price. Find the marked price of the computer.
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.