Question

Define sales tax and value added tax in maths?

Answer 1

$\huge\mathbb\blue{HELLO}$

$\huge\mathbb\purple{SALES\:TAX\::-}$

Tax which is charged by the government on the of an item.

$\huge\mathbb\purple{VALUE\:ADDED\:TAX\::-}$

The tax which is included in the prices is called Value Added Tax (VAT).

⭐ hope this helps you ⭐

Answer 2

Sales Tax: A tax that is imposed on goods and services by the government is called as sales tax. It is calculated as a percentage of the purchase price and is collected by the seller.

Value added tax: It is an indirect tax imposed on domestic consumption of goods and services except food and essential drugs. It is added at each stage in the chain of production, from raw material to the final stage.