Question

the price of a bicycle is rs.3500 if 16%sales tax is charged. calculate the amount of sales tax on 50 such bicycles​

Answer 1

Answer:

• Sales tax on 50 such bicycles is ₹28000.

Step-by-step explanation:

Given that:

• The price of a bicycle is ₹ 3500.
• 16% sales tax is charged on the bicycle.

To Find:

• Amount of sales tax on 50 such bicycles.

Solution:

• Cost of 1 bicycle = ₹ 3500
• Percentage of sales tax = 16%

$\sf{Sales\;tax\;on\;1\;bicycle=\dfrac{16}{100}\times3500}$

Cutting the zeros,

$\sf{\longrightarrow\dfrac{16}{1\!\!\!\not{0}\!\!\!\not{0}}\times35\!\!\!\not{0}\!\!\!\not{0}}$

$\sf{\longrightarrow\dfrac{16}{1}\times35}$

$\sf{\longrightarrow16\times35}$

Multiplying the numbers,

$\sf{\longrightarrow560}$

Hence,

• Sales tax on 1 bicycle is ₹560.

Therefore,

Sales tax on 50 such bicycles = ₹(560 × 50)

= ₹28000

Hence, sales tax on 50 such bicycles is ₹28000.

More Information:

What is Value-Added Tax or VAT?

• The tax charge by the government on the selling price of goods and is included in the bill that tax is known as Value Added Tax or VAT.