Name: Calculation of Taxes for Purchased Goods
Uploaded: 2019-07-19
Duration: 7 min 2 s
Description: A small amount for all the purchased goods is paid to the government. It is called sales tax. In this video, learn about the types of taxes and how taxes are...

Question

I purchased a computer set with accessories for

₹ 28000

including

12 %

tax. How much tax did I pay? What was the net value of the items purchased?

Accepted Answer

Given that the purchase price of the computer set with accessories is $₹ 28000$ including $12 %$ tax.

Let the net value of the computer set with accessories be $₹ x$ .

The purchase price for the customer $= net value of the computer and accessaries \times (1 + \frac{tax %}{100})$ .

Thus, we have, $₹ 28000 = ₹ x \times (1 + \frac{12}{100})$

$\Rightarrow x \times \frac{112}{100} = 28000$

$\Rightarrow x = 28000 \times \frac{100}{112}$

$\Rightarrow x = 25000$

The tax $= ₹ 28000 - ₹ 25000 = ₹ 3000$ .

Therefore, the net value of the computer set with accessories is $₹ 25000$ and the tax paid is $₹ 3000$ .

I purchased a computer set with accessories for $₹ 28000$ including $12 %$ tax. How much tax did I pay? What was the net value of the items purchased?

Important Questions on Percentage and Its Applications

Learn and Prepare for any exam you want !

I purchased a computer set with accessories for ₹28000 including 12% tax. How much tax did I pay? What was the net value of the items purchased?

Important Questions on Percentage and Its Applications

Learn and Prepare for any exam you want !

I purchased a computer set with accessories for $₹ 28000$ including $12 %$ tax. How much tax did I pay? What was the net value of the items purchased?