1. Following purchases are made from a store :
Rate of Sales tax
Trem
List price (in)
7%
Cooler
4200
10%
500
Garments
Shoes
250
r%
Radio
950
6%
Cycle
1200
4%
Watch
500
10%
Calculate the value of x if the total amount paid including sales tax is Rs 8111.50
Answers
Answer:
Given,
The list price of a refrigerator is = Rs 9700
VAT = 6%
Rate of VAT = 6% of Rs 9700
= 6/100 × 9700
= Rs 582
∴ The total amount one has to pay to buy refrigerator is Rs 9700 + Rs 582 = Rs 10282
Step-by-step explanation:
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Answer:
• Discount is a reduction given on marked price.
Discount = Marked Price – Sale Price (S.P.)
• Discount can be calculated when discount percentage is given.
Discount = Discount % of Marked Price
• Additional expenses made after buying an article are included in
the cost price and are known as overhead expenses.
cost price = buying price + overhead expenses
• Sales Tax is charged on the sale of an item by the government and
is added to the Bill Amount.
Sales tax = Tax% of sale amount
These days, however, the selling prices (known as MRP) include
the tax known as VAT (Value Added Tax).
• The interest compounded annually is the interest calculated on
the previous year’s amount A, (A = P + I).
• The time period after which the interest is added each time to form
a new principal is called the conversion period.
• When the interest is compounded half yearly, there are two
conversion periods in a year of duration 6 months each.