Tag: gst (goods and service tax)

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Questions Related to gst (goods and service tax)

Multiple choice maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

The cost price of a saree is Rs. $1450$. The sales tax charged was $8\%$. Find the bill amount.

  1. Rs. $1540$
  2. Rs. $1566$
  3. Rs. $1254$
  4. Rs. $1584$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Given, cost price of a saree is Rs. $1450$, tax charged $=8\%$
Tax paid $=\begin{pmatrix}\dfrac{8}{100}\end{pmatrix}\times1450=$ Rs. $116$
Thus, bill amount $=$ Rs. $\begin{bmatrix}1450+116\end{bmatrix}=$ Rs. $1566$.

Multiple choice maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

John wants to buy something that costs $Rs. 230$ before VAT. VAT is charged at $0.5\%$. Calculate the total cost after VAT is added.

  1. $Rs. 234.5$
  2. $Rs. 239.1$
  3. $Rs. 239.4$
  4. $Rs. 231.15$
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

VAT $=0.5\%$ of the cost  $=\dfrac{0.5}{100}\times 230=1.15$


So the total cost including VAT $=230+1.15=231.15$

Multiple choice maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

What is the final price of the product, after a tax is applied for an Apple tablet. The cost of the Apple tablet is Rs. $235.90$ and the tax rate is $3.4\%$?

  1. Rs. $243.567$
  2. Rs. $243.9206$
  3. Rs. $216.897$
  4. Rs. $268.120$
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Given:
Cost of Apple tablet $=$ C.P $+$ Rs. $235.90$
Tax rate $=$ $ 3.4 $ $\%$

Total cost of the tablet $=$ C.P $+$ Tax rate on C.P.
$=$ $ \dfrac{3.4}{100} \times {235.90}=144$
Therefore, the final price of the apple tablet is $235.90 + 8.0206 = 243.9206$ rupees.

Multiple choice maths gst (goods and service tax) more about gst commission, brokerage and vat taxation, calculation of income tax

Find the final price for the product after a tax is applied for book shelve. The cost of the book shelve is Rs. $1200$ rupees and the tax rate is $12\%$.

  1. Rs. $1200$
  2. Rs. $1244$
  3. Rs. $1344$
  4. Rs. $1320$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Given: Cost of book shelve $=$ C.P $+$ $Rs.1200$
Tax rate $=$ $ 12 $%
Total cost of the shelve $=$ C.P $+$ Tax rate on C.P
$=$ $ \dfrac{12}{100} \times {1200}=144$
Therefore, the final price of the book shelve is Rs. $1200 + 144 = 1344$.