Advertisements
Advertisements
Question
Vikram bought a watch for Rs 825. If this amount includes 10% VAT on the list price, what was the list price of the watch?
Solution
\[\text { Let the list price of the watch be Rs . x } . \]
\[\text { Then, } \]
\[x + \frac{10}{100}x = 825\]
\[x + 0 . 1x = 825\]
\[1 . 1x = 825\]
\[x = \frac{825}{1 . 1}\]
\[ =\text { Rs }. 750\]
\[\text { Thus, the list price of the watch is Rs } . 750 .\]
APPEARS IN
RELATED QUESTIONS
A shopkeeper buys an article for Rs 800 and spends Rs 100 on its transportation, etc. He marks the article at a certain price and then sells it for Rs 1,287 including 10% sales tax. Find his profit as per cent.
A shopkeeper purchases an article for Rs 6,200 and sells it to a customer for Rs 8,500. If the sales tax (under VAT) is 8%; find the VAT paid by the shopkeeper.
A shopkeeper buys an article at a discount of 30% and pays sales tax at the rate of 8%. The shopkeeper, in turn, sells the article to a customer at the printed price and charges sales tax at the same rate. If the printed price of the article is ₹ 2,500; find :
(1) the price paid by the shopkeeper.
(2) the price paid by the customer.
(3) the VAT (value added tax) paid by the shopkeeper.
A shopkeeper marks his goods 40% above the cost price and then allows discount of 20% find how much will a customer pay for an article which costs the shopkeeper Rs. 200 and a sales tax of 10% is levied on the sale price of the article. (Give your answer correct to the nearest rupee).
The list price of a refrigerator is Rs 9700. If a value added tax of 6% is to be charged on it, how much one has to pay to buy the refrigerator?
Manoj buys a lather coat costing Rs 900 at Rs 990 after paying the VAT. Calculate the rate of VAT charge on the coat.
The marked price and the rate of sales tax of different items are given below. Calculate the amount to be paid for each of them:
S.No | Item | Maeked Price | Sales Tax |
i | Walkman | Rs.1,750.00 | 8.5% |
ii | Washing Machine | Rs.14,840.00 | 7.5% |
iii | Computer | Rs.32,725.00 | 12% |
iv | Sofa set | Rs.16,000.00 | 11.5% |
v | T.V. | Rs.28,975.00 | 16% |
vi | Jacket | Rs.1,260.00 | 10% |
vii | Camera | Rs.4,500.00 | 9% |
viii | Air conditioner | Rs.21,650.00 | 14% |
The marked price of an article is Rs 17,840 and the sales tax on it is Rs 2,230. Find the rate of sales tax.
An electronics manufacturer sells an LCD to the dealer for Rs 25,000. The dealer sells it to the retailer at Rs 32,000 and the retailer sells it to the customer at Rs 45,000. If tax is levied at each stage at the rate of 10%, find the tax paid by the manufacturer, dealer and the retailer.
Sales tax is always calculated on the cost price of an item and is added to the value of the bill.