Taxes on Sale of an Item

IMPORTANT

Taxes on Sale of an Item: Overview

This Topic covers sub-topics such as Goods and Services Tax, Value Added Tax, Sales Tax, Finding Tax Amount Given as Percentage and, Taxes on Sale of an Item as Per Cent

Important Questions on Taxes on Sale of an Item

EASY
IMPORTANT

The Sale of Goods Act, 1930.

EASY
IMPORTANT

The cost price of a sweatshirt is 850. Rohan bought the sweatshirt by 901, find the amount (in ) of sales tax paid by Rohan?

MEDIUM
IMPORTANT

A washing machine is sold at 22000 inclusive of sales tax at the rate of 10%. Calculate the sales tax on the washing machine?

HARD
IMPORTANT

If 10% GST is included in the prices, find the original price of a facewash bought for 200. Give the answer in  correct to two places after decimal.

HARD
IMPORTANT

Mr. Chandra visits a departmental store and purchases the following articles:

 A shirt 1000 GST@5%
The food item 480 GST @12%
Bat 3400 GST @12%
Shoes 1200 GST@18%

How much money will you have to pay the departmental store?

HARD
IMPORTANT

Mrs. Chandra bought a glass lemon set for 800 and tea for 164 including 5% goods and sales tax and a dinner set for 4500 including GST 12%. Find the list price (without sales tax) of the lemon set, tea and the dinner set together :

HARD
IMPORTANT

Mr. Jimmy visit a departmental store and purchase the following articles:

I. A shirt for 900 with GST@5%

II. Food item for 480 with GST @12%

III. Shoes for 1200 with GST@18%

IV. A Cricket bat for 3400 with GST@12%

How much money will you have to pay the departmental store?

HARD
IMPORTANT

Vivek bought perfume that cost 5600 rupees and gold ornament that cost 30000 rupees from a shop. The GST on scent is 28% and that on ornaments is 3% . How much amount did vivek in total pay to the shopkeeper ?

EASY
IMPORTANT

Modified Value Added Tax was introduced in India in:

EASY
IMPORTANT

The Central Sales Tax is applicable only if there are sales:

MEDIUM
IMPORTANT

S.P. of a video game is ₹ 749 including 7% VAT. The original price of a video game is

EASY
IMPORTANT

If 5% sales tax is added on the purchase of a towel at 50, then the buying price is k. Find the value of k.

HARD
IMPORTANT

A manufacturer sells an article to a wholesaler with marked price 2000 at a discount of 20% on the marked price. The wholesaler sells it to a retailer at a discount of 12% on the marked price. The retailer sells the article at the marked price. The VAT paid by the wholesaler is 11.20. If the VAT paid by the retailer is k, then find the value of k.

EASY
IMPORTANT

The price of a washing machine inclusive of sales tax is 13530. If the sales tax is 10%, find its basic price.

HARD
IMPORTANT

A shopkeeper bought a TV at a discount of 30% of the listed price of 24,000. The shopkeeper offers a discount of 10% of the listed price to his customer. If the VAT is 10%, findthe VAT to be paid by the shopkeeper.

MEDIUM
IMPORTANT

Rosy buys a camera for 3,402 which includes a rebate of 10% on the list price and then 8% sales Tex on the remaining price. Find the list price of the camera.

MEDIUM
IMPORTANT

Ravi buys a motorcycle for 17,280 which includes sales tax. If the rate of sales tax is 8%, find the amount of sales tax that Ravi paid.

HARD
IMPORTANT

A shopkeeper buys a camera at a discount of 20% from the wholesaler, the printed price of the camera being 1600 and the rate of sales tax is 6%. The shopkeeper sells it to a buyer at the printed price and charges tax at the same rate. The price at which the camera can be bought is

EASY
IMPORTANT

A shopkeeper bought an article at a discount of 20% from the wholesaler, the printed price of the article being Rs 1600. The shopkeeper sells it to a buyer at the printed price. The prescribed rate of sales tax on the article is 6%. The input tax, output tax and the VAT payable by the shopkeeper will be respectively

MEDIUM
IMPORTANT

The price of a black and white TV is 4840 inclusive of sales tax at the rate of 10% on its listed price. A buyer asks for a discount on the listed price so that after charging the sales tax the selling price becomes equal to the listed price. The amount of discount on the listed price that the seller has to allow for the deal is