ICSE Class 10CISCE
Share
Notifications

View all notifications
Books Shortlist
Your shortlist is empty

Q - ICSE Class 10 - Mathematics

Login
Create free account


      Forgot password?

Question

Q

Solution

Suppose the shopkeeper buys the article from wholesaler at Rs. x.
Tax paid by shopkeeper  = `12/100xx` x
Since, the shopkeeper sells the article for Rs. 1500
and charges sales-tax at the rate of 12%.
Tax charged by the shopkeeper  = 12% of 1500 = `12/100xx` 1500
Shopkeeper pays VAT of Rs. 36 to the Government.
Now, VAT = Tax charged by shopkeeper - Tax paid by shopkeeper 
`=> 36=12/100xx1500-12/100xx x`

`=> 36=12/100(1500-x)`

`=> 1500 - x=(36xx100)/12`

`=> 1500-x=3000`

`=> x ="Rs." 1200`

`=>` Tax paid by shopkeeper `= 12/100xx1200=` Rs. 144

Thus, total amount paid by shopkeeper indusive of tax
= Rs. (1200 + 144)
= Rs. 1344

  Is there an error in this question or solution?

Video TutorialsVIEW ALL [1]

Solution Q Concept: Computation of Tax.
S
View in app×