Sales Tax(ST): This is the amount charged by the government on the sale of an item.It is collected by the shopkeeper from the customer and given to the government. This is, therefore, always on the selling price of an item and is added to the value of the bill.
Value added tax(VAT): This is the again the amount charged by the government on the sale of an item. It is collected by the shopkeeper from the customer and given to the government. This is, therefore, always on the selling price of an item and is added to the value of the bill.
Note: Earlier You must have seen Sales tax on the bill, then it is replaced by Vat. Now a days , you will see GST( Goods and Service Tax)
Remark: If the tax is x%, then Total price after including tax would be
Illustration: Seema purchased a sofa set for Rs.15000 including VAT of 10%. Find the cost of sofa set before VAT was added.
Solution:. Let the cost of sofa set = Rs x
The x + VAT = 15000
So the cost of sofa Set = Rs 13636.36
Illustration: David purchased a pair of shoes for Rs 441 including value added tax. If the sales price of the shoes is Rs 420, find the rate of value added tax.
Solution: Let the rate of value added tax be x %. Then,
The printed price of a bi-cycle is $ 4200. The rate of sales tax on it is 10%. Find the price at which the cycle can be purchased. | |||
Right Option : C | |||
View Explanation |
The formula to calculate sales tax is | |||
Right Option : A | |||
View Explanation |
Mason purchased a pair of shoes costing $ 850. Calculate the total amount to be paid by him, if the rate of Sales Tax is 6%. | |||
Right Option : D | |||
View Explanation |
We started with lot of hope that Abhyas will help in better understnding of complex topics of highers classes. we are not disappointed with the progress our child has made after attending Abhyas. Though need to mention that we expected a lot more. On a scale of 1-10, we would give may be 7.
It was a good experience with Abhyas Academy. I even faced problems in starting but slowly and steadily overcomed. Especially reasoning classes helped me a lot.
A marvelous experience with Abhyas. I am glad to share that my ward has achieved more than enough at the Ambala ABHYAS centre. Years have passed on and more and more he has gained. May the centre flourish and develop day by day by the grace of God.
About Abhyas metholodology the teachers are very nice and hardworking toward students.The Centre Head Mrs Anu Sethi is also a brilliant teacher.Abhyas has taught me how to overcome problems and has always taken my doubts and suppoeted me.
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Abhyas institute is one of the best coaching institute in the vicinity of Ambala cantt.The institute provides good and quality education to the students.The teachers are well experienced and are very helpful in solving the problems. The major advantages of the institute is extra classes for weak...
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The experience was nice. I studied here for three years and saw a tremendous change in myself. I started liking subjects like English and SST which earlier I ran from. Extra knowledge gave me confidence to overcome competitive exams. One of the best institutes for secondary education.
Abhyas Methodology is very good. It is based on according to student and each child manages accordingly to its properly. Methodology has improved the abilities of students to shine them in future.
In terms of methodology I want to say that institute provides expert guidence and results oriented monitering supplements by requsite study material along with regular tests which help the students to improve their education skills.The techniques of providing education helps the students to asses...
My experience with Abhyas academy is very good. I did not think that my every subject coming here will be so strong. The main thing is that the online tests had made me learn here more things.
Abhyas is a complete education Institute. Here extreme care is taken by teacher with the help of regular exam. Extra classes also conducted by the institute, if the student is weak.
Usually we see institutes offering objective based learning which usually causes a lag behind in subjective examinations which is the pattern followed by schools. I think it is really a work of planning to make us students grab the advantages of modes of examination, Objective Subjective and Onli...
It has a great methodology. Students here can get analysis to their test quickly.We can learn easily through PPTs and the testing methods are good. We know that where we have to practice
I have spent a wonderful time in Abhyas academy. It has made my reasoning more apt, English more stronger and Maths an interesting subject for me. It has given me a habbit of self studying
It was good as the experience because as we had come here we had been improved in a such envirnment created here.Extra is taught which is beneficial for future.
My experience with Abhyas is very good. I have learnt many things here like vedic maths and reasoning also. Teachers here first take our doubts and then there are assignments to verify our weak points.