40. The cost of a T.V set is Rs
12,000. If the rate of sales ta
is 5%. Find the bill amount.*
Answers
Sales
Tax(ST)
It 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.
Sales Tax = Price x Tax Rate
If the tax is x%, then Total price after including tax would
be
Final Price= Cost of item + (x/cost of item) X100
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Solution:
Given: Price of a TV is ₹ 13,000
Rate of tax= 12%
Sales tax=tax rate× price
Sales tax =( 12/100) × 13000
Sales tax=₹ 1560.
Final price after including
tax= 1560+ 13000
= ₹ 14560
The amount that Vinod will have to pay if he buys it= ₹ 14560=========================================================
Hope this will helped you...