Name: Calculating GST, VAT and Sales Taxes
Uploaded: 2019-07-19
Duration: 9 min 43 s
Description: This animation explains the different types of taxes in India, such as GST, VAT,and Sales tax. Do you know what happens with the tax amount? Let's learn.

Question

Shyam and Santosh visit a departmental store to make the following purchases. Find the total bill.

Items	Quantity	Price per unit	VAT
Tube light	$4$ pieces	$₹ 54$	$10 %$
Toothpaste	$2$ pieces	$₹ 75$	$8 %$
Milk	$3$ packets	$₹ 20$	$2 %$
Shoe polish	$1$ piece	$₹ 42$	$4 %$
Vegetables	$2$ kg	$₹ 30$	$5 %$

Accepted Answer

$4$ pieces of tube light prize cost $₹ 54$ per unit.

Total cost of tube lights $= 4 \times 54$ $= ₹ 216$

Percentage of VAT on Tube lights $= 10 %$

$= \frac{216 \times 10}{100} + 216$

$\Rightarrow ₹ 237.6$

$2$ pieces of Toothpaste cost $3$ per unit

Total cost of toothpaste $= 2 \times 75 = ₹ 150$

Percentage of VAT on Toothpaste $= 8 %$

$= \frac{150 \times 8}{100} + 150$

$= ₹ 162$

$5 %$ pieces of Milk cost $₹ 20$ per unit

Total cost of milk $= 3 \times 20 = ₹ 60$

Percentage of VAT on Milk $= 2 %$

$= \frac{2 \times 60}{100} + 60$

$= ₹ 61.2$

$1$ piece of Shoe polish costs $₹ 42$

Percentage of VAT on Shoe polish $= 4 %$

$= \frac{4 \times 42}{100} + 42$

$= ₹ 43.68$

$2 kg$ Vegetables cost $8 %$ per unit

Total cost of vegetables $= 2 \times 30 = ₹ 60$

Percentage of VAT on Vegetables $= 5 %$

$= \frac{5 \times 60}{100} + 60$

$= ₹ 63$

Therefore total bill

$= 63 + 43.68 + 61.2 + 162 + 237.6$

$\Rightarrow ₹ 567.48$

Important Questions on Profit, Loss, Discount, Tax

Learn and Prepare for any exam you want !

Shyam and Santosh visit a departmental store to make the following purchases. Find the total bill. Items Quantity Price per unit VAT Tube light 4 pieces ₹54 10% Toothpaste 2 pieces ₹75 8% Milk 3 packets ₹20 2% Shoe polish 1 piece ₹42 4% Vegetables 2 kg ₹30 5%

Important Questions on Profit, Loss, Discount, Tax

Learn and Prepare for any exam you want !