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Find Sales tax Statement

Find Sales tax Statement. This sales tax or VAT is charged by the Government on the selling price of an item and is added to the value of the bill. Bill amount = Cost of the item + Amount of Sales tax. Example 1: Vinodh purchased musical instruments for Rs 12,000.

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Find Sales tax Statement

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  1. Find Sales tax Statement

  2. This sales tax or VAT is charged by the Government on the selling price of an item and is added to the value of the bill. Bill amount = Cost of the item + Amount of Sales tax

  3. Example 1: Vinodh purchased musical instruments for Rs 12,000. If the rate of sales tax is 8%, find the sales tax and the total amount paid by him. Solution Given:- Value of the musical instruments = Rs 12,000 Rate of Sales Tax = 8% ; Amount of Sales Tax = 12000 To Find : Sales tax , Total amount Bill amount = Cost of the item + Amount of Sales tax = 12000 + 960 =12960 Ans:- Sales tax = Rs 12,960 and total amount paid = Rs 12960

  4. Example2: A refrigerator is purchased for Rs 14,355, including sales tax. If the actual cost price of the refrigerator is Rs 13,050, find the rate of sales tax. Solution Given: bill amount = Rs 14,355, Cost price = Rs 13,050. To Find : rate of sales tax Sales tax = Bill amount – Cost of the item = 14355 – 13050 = 1305 Ans:- Rate of sale tax = 10%

  5. Try these Shiva bought a suitcase for Rs.7,420. The VAT for this item is 6%. What was the price of the suitcase before VAT was added? Also state how much is the VAT.

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