Taxes on Sale of an Item
Taxes on Sale of an Item: Overview
This topic covers concepts, such as, Taxes on Sale of an Item as Per Cent, Sales Tax, Value Added Tax, Goods and Services Tax & Finding Tax Amount Given as Percentage etc.
Important Questions on Taxes on Sale of an Item
List price of an article is . If sales tax is charged, then the bill amount is

of a video game is including . The original price of a video game is

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

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

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

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

Rosy buys a camera for which includes a rebate of on the list price and then sales Tex on the remaining price. Find the list price of the camera.

Ravi buys a motorcycle for which includes sales tax. If the rate of sales tax is find the amount of sales tax that Ravi paid.

The VAT paid by a shopkeeper on the sale of an article is . He bought the article from the wholesaler at a discount of on the printed price. If the rate of sales tax is , then the printed price of the article is _____.

A shopkeeper bought a TV at a discount of of the listed price of . The shopkeeper offers a discount of of the listed price to his customer. If the VAT is , then the amount paid by the customer is _____.

Ms. Chawla goes to a shop to buy a leather coat whose listed price is . The rate of sales tax is . She asks the shopkeeper to reduce the price of the coat such that she has to pay only inclusive of sales tax. The reduction needed in the price of the coat is _____.

A shopkeeper buys a camera at a discount of from the wholesaler, the printed price of the camera being and the rate of sales tax is . 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

A manufacturer fixed the price of an article at . The rate of sales tax on the article is . A wholesaler bought it and sold the same to a shopkeeper at a profit of . The shopkeeper sold the article to a consumer at a profit of . The VAT paid by the wholesaler and the retailer together is _____.

A manufacturer fixed the price of an article at . The rate of sales tax on the article is . A wholesaler bought it and sold the same to a shopkeeper at a profit of . The shopkeeper sold the article to a consumer at a profit of . The sum of money the consumer paid to buy the article is _____.

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

The price of a black and white TV is inclusive of sales tax at the rate of 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

A manufacturer sells an article to a wholesaler with marked price at a discount of on the marked price. The wholesaler sells it to a retailer at a discount of on the marked price. The retailer sells the article at the marked price. If the paid by the wholesaler is , find the rate of .

Radhika buys crockery having marked price . She gets a discount of . If the CGST is , find the amount she is required to pay for the crockery.

Mrs. Lata has a leather coat manufacturer unit in state A. She buys raw materials worth from a supplier from a state B at a discount of . She sells her product worthoutside the state. If the rate of CGST is , find the IGST payable/credit.

A shoe manufacturer purchase goods worth from the market within the state he sells his product in the neighbouring market for of the common GST is find the GST payable.
