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Sales Tax and VAT Calculations
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A shopkeeper buys a LCD TV at a discount of 15% from the wholesaler. The market price of the TV is Rs. 28,000 and the sales tax is charged at 9%. The shopkeeper sells it to the buyer at the market price and charges the same sales tax on it.
What is the total amount to be paid by the buyer to get that TV?
AnswerClick to flip back
A
Rs. 30,520
💡 Explanation:
Total amount = 9% of Rs. 28,000 + Rs. 28,000 = Rs. 30,520