Question

if an article is selling for rs.500 and the sales tax rate is 7% then amount of bill is​

Answer 1

Answer:

is added to the Bill Amount. Sales tax ... If the rate of sales tax is 10%, then the selling price of the ... If marked price of an article is Rs 1,200 and the discount is 12% ... 2500 is greater than 500 by ______%.

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Answer 2

coreect answer is

(i) Rs. 562.50            (ii) Rs. 12.50

Step-by-step explanation:

M.P=Rs.500

Discount=20%

∴Selling price of the article for wholesaler=500−20% of 500

⇒500−10020×500

⇒500−100=Rs.400

Tax paid by the wholesaler=10012.5×400=Rs.50.0

(i)The price paid by the customer

M.P=Rs.500

Sales tax rate =12.5%

Price paid by the customer=500+10012.5×500

⇒500+62.5=562.50

Tax paid by the customer10012.5×500=Rs.62.50

(ii)The amount of the VAT paid by the ratailer

VAT=tax paid by the customer-tax paid by the retailer

VAT=62.50−50=Rs.12.50