Sales Tax And Value Added Tax

Anurag went to a shop to buy a leather coat coasting $2,654$. The sales tax on it is $9%$. He requested the shopkeeper to reduce the price to such an extent that he has to pay only $2,616$ including the sales tax. Find the reduction given by the shopkeeper.

Given The cost of leather coat is ₹$2,654$ The rate of sales tax $9%$ Calculation, Let, the reduced price if coat be$y$ Total amount of the coat $=y+9%$of $=1y+\left( 9/100 \right)y$ $=109y/100$...

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Nirmala went to a shop to buy a titan watch. The cost of the watch was $3,250$. The rate of sales tax is $12%$. The shopkeeper gave her a discount such that she got the watch for only $3,248$. Find the discount given by the shopkeeper.

      Given, The cost of titan watch is ₹$3,250$ The rate of sales tax$12%$ Let, the reduced price of watch be$y$ Total amount of the watch $=y+12%$of$y$ $=1y+\left( 12/100 \right)y$ $=112y/100$...

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Laxman went to a shop to buy a fan costing $750$. The rate of sales tax is $6%$. He requests the shopkeeper to reduce the price to such an extent that he has to pay only $742$ including the sales tax. Find the reduction needed in the price of the fan.

Given The cost of fan = ₹$750$ The rate of sales tax = $6%$ Calculation, Let, the reduced price of fan be$y$ Total amount of the fan $=y+6%$of$y$ $=1y+\left( 6/100 \right)y$ $=106y/100$ But, the...

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