Finding Tax
Finding Tax
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 | |||
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 | |||
You're buying groceries in the state of Mississippi, where the sales tax is 7%. The grocery bill costs $300. How much is the total cost of the grocery bill, including sales tax? | |||
| Right Option : A | |||
| View Explanation | |||
Students / Parents Reviews [20]
My experience with Abhyas academy is very nice or it can be said wonderful. I have been studying here from seven class. I have been completing my journey of three years. I am tinking that I should join Abhyas Academy in tenth class as I am seeing much improvement in Maths and English
Hridey Preet
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Prisha Gupta
8thA 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.
Archit Segal
7thUsually 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...
Anika Saxena
8thAbhyas institute is one of the best coaching institute in the vicinity of Ambala Cantt area. The teachers of the institute are well experienced and very helpful in solving the problems of the students.The good thing of the institute is that it is providing extra classes for the students who are w...
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10thAbhyas 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.
Om Umang
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Upmanyu Sharma
7thWhen I have not joined Abhyas Academy, my skills of solving maths problems were not clear. But, after joining it, my skills have been developed and my concepts of science and SST are very well. I also came to know about other subjects such as vedic maths and reasoning.
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Cheshta
10thI 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
Yatharthi Sharma
10thIn 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...
Aman Kumar Shrivastava
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Shreya Shrivastava
8thAbhyas 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...
Shreya Shrivastava
8thAbhyas academy is great place to learn. I have learnt a lot here they have finished my fear of not answering.It has created a habit of self studying in me.The teachers here are very supportive and helpful. Earlier my maths and science was good but now it has been much better than before.
Barkha Arora
10thThird consective year,my ward is in Abhyas with nice experience of admin and transport support.Educational standard of the institute recumbent at satisfactory level. One thing would live to bring in notice that last year study books was distributed after half of the session was over,though study ...
Ayan Ghosh
8thOne of the best institutes to develope a child interest in studies.Provides SST and English knowledge also unlike other institutes. Teachers are co operative and friendly online tests andPPT develope practical knowledge also.
Aman Kumar Shrivastava
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Yogansh Nyasi
7thIt 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
