Question 1: The price of a T.V. set inclusive of Sales Tax of 9% is Rs.13407. Find its marked price. If Sales Tax is increased to 13%, how much more does the customer has to pay for the T.V. [2002]

Answer:

Let Sales price of the T.V.

Sales Tax on the T.V.

Total amount paid

If Sales Tax on the T.V.

The customer will have to pay more.

Question 2: The price of a washing machine, inclusive of Sales tax, is Rs.13530/-. If the Sales Tax is 10% find its basic cost price. [2003]

Answer:

Let Sales Price of the washing machin be

Total amount paid

Sales Tax

Therefore

Question 3: The catalog price of a colored T.V. is Rs.24000. The shopkeeper gives a discount of 8% on the list price. He gives a further off season discount of 5% on the balance, But Sales Tax at 10% is charged on the remaining amount. Find:

- The sales Tax a customer has to pay.
- The final price he has to pay for the T.V. [2001]

Answer:

Catalog price of a colored T.V.

Price after 8% discount

Price after 5% off season discount

Sales Tax

Price paid by the customer

Question 4: A manufacturer marks an article at Rs.5000. He sells this article 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 its marked price. If the retailer sells the article without any discount and at each stage the sales-tax is 8%, calculate the amount of VAT paid by:

i. The Wholesaler

ii. The Retailer [2010]

Answer:

Market Price of the article for wholesaler

Cost Price of the article for wholesaler

Amount of tax paid by the wholesaler

Cost Price of the article for retailer

Amount of tax paid by the retailer

Selling price of the article for retailer

Amount of tax paid by the end customer

Vat paid by retailer

Vat paid by wholesaler

Question 5: The catalog price of a computer is Rs. 45000. The shopkeeper gives a discount of 7% on the listed price. He gives a further off season discount of 4% on the balance. However, Sales Tax at 8% is charged on the remaining amount. Find: i) the amount of sales tax that the customer has to pay ii) the final price he has to pay for the computer set. [2005]

Answer:

Listed Price

Discount given

Price after discount

Off season discount

Therefore Sale Price

Question 6: Dinesh bought an article for Rs. 374, which included a discount of 15% on the marked price and a sales tax of 10% on the reduced price. Find the marked price of the article. [2007]

Answer:

Let the marked price

Discount

Sale price

Sales tax

Total price paid by Dinesh

Question 7: A manufacturer sells a washing machine to a wholesaler for Rs. 15000. The wholesaler sells it to a trader at a profit of Rs. 1200 and the trader in turns sells it to a consumer at a profit of Rs. 1800. If the rate of VAT is 8% find: i) the amount of VAT received by the state government on the sale of this machine from the manufacturer and the wholesaler. ii) the amount that the consumer pays for the machine. [2011]

Answer:

Tax received by the manufacturer

For the trader the price

Tax paid by the trader

Therefore VAT received from wholesaler

Price for the consumer

Tax paid by the consumer

Hence the total price paid by the consumer

Question 8: The printed price of an article is Rs. 60000. 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 the every stage. Find: i) the cost to the shopkeeper inclusive of the tax ii) VAT paid by the shopkeeper to the Government iii) the cost to the customer inclusive of the tax. [2012]

Answer:

Printed Price

Discounted price

Price charged by the wholesaler

The cost to the shopkeeper inclusive of the tax

VAT paid by the shopkeeper

The cost to the customer inclusive of the tax

Question 9: A shopkeeper buys a camera at a discount of 20% from the wholesaler, the printed price of the camera being Rs.1600 and the rate of sales tax is 6%. The shopkeeper sells it to the 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 paid by the shopkeeper [2008]

Answer:

Printed Price of the camera

Discount

Sales Tax

Cost Price of the shopkeeper

Sales Tax on Cost Price

Sale Price

Price the the customer have to pay

Sales Tax paid by the customer

VAT

Question 10: A person bought an article for Rs.8000 and spent Rs.1000 for transportation. He marked the article at Rs.11700 and sold it to a customer. If the customer had to pay 10% sales tax, Find:

- The customer’s Price
- His’s Profit percent [2010]

Answer:

Cost Price

Overheads

Listed Price

Sales Tax rate

Customer Price

Profit

Question 11: A Shopkeeper sells an article at the listed price of Rs.1500 and the rate of VAT is 12% at each stage of sale. If the shopkeeper pays a VAT of Rs.36 to the Government, what was the price, inclusive of Tax, at which the shopkeeper purchased the article from the wholesaler? [2013]

Answer:

Listed price

Sales Tax paid by the shopkeeper

Let the price at which the shopkeeper purchased the article

Therefore

Sales tax paid

Total price paid by the shopkeeper

Question 12: A shopkeeper bought a washing machine at a discount of 20% from a wholesaler, the printed price of the washing machine being Rs.18000. The shopkeeper sells it to a consumer at a discount of 10% on the printed price. If the rate of sales tax is 8%, find:

- The VAT paid by the shopkeeper
- The total amount that the consumer pays for the washing machine. [2014]

Answer:

Printed Price

Discount

Cost Price for the shopkeeper

Sales Tax paid by the shopkeeper

Selling price to the customer

Sales tax paid by the customer

VAT paid by the shopkeeper

The total amount paid by the customer