Commission, brokerage and vat - class-XI
Description: commission, brokerage and vat | |
Number of Questions: 86 | |
Created by: Naresh Verma | |
Tags: financial planning gst (goods and service tax) commercial arithmetic sales tax and value added tax maths profit-loss trigonometric equations and identities comparing quantities applications of percentage |
The rate of $GST$ on stainless steel is $18\% $ of which the share of a state government is
The rate of GST on stainless steel utensils is $18$%, then the rate of State GST is
Shop Inspection as part of a Registration in GST will be:
Rate of GST on brokerage is .....
'Tiptop Electronics' supplied an $AC$ of $1.5$ ton to a company. Cost of the $AC$ supplied is $Rs.\ 51,200$ (with $GST$). Rate of $CGST$ on $AC$ is $14\%$. Then find the following amounts as shown in the tax invoice of Tiptop Electronics.
Which of the following tax is not subsumed in GST?
The net income of a business man after paying income tax at the rate of $5\%$ is $ $209,000$, then his gross income is
A shopkeeper sold a bicycle to a customer for $Rs. 10304$ including GST. The rate of GST was $12\%$. Find SGST payable to him.
Choose the correct answer and write the alphabet of it :
In the format of GSTIN there are _____ alpha numerals.
The cost of an article is $Rs 6,000$ to a distributor.He sells it to trader at Rs $7,500$ and the trader sells it to customer for $ Rs 8,000$. If the VAT rate is $12.5 \%$; find the VAT paid by trader.
A shop keeper sells an article at its list price $Rs \ 3,000$ and charges sale tax at the rate of $12 \%$. If the VAT paid by the shopkeeper is $Rs \ 72$ , at what price did the shopkeeper buys the article inclusive of sales tax?
Gauri went to the stationers and bought things worth Rs.25, out of which 30 paise went on sales tax on taxable purchases. If the tax rate was 6 %, then what was the cost of the tax-free items?
Income of a person is Rs. 50,000. He pays income tax at the rate of 15%. Find the amount of income tax.
Sarita purchases biscuits costing Rs. 158 on which the rate of Sales Tax is 6%. She also purchases some cosmetic goods costing Rs. 354 on which the rate of Sales Tax is 9%. Find the total amount to be paid by Sarita.
Hamid purchases some articles costing Rs. 5,460. The shopkeeper charged Sales Tax at 8%. As Hamid wanted to take the articles purchases outside the State, the shopkeeper charged 3% as Central Sales Tax on the actual price of the articles. Find the total amount Hamid had to pay for the articles.
When the rate of sale-tax is decreased from 9% to 6% for a coloured T.V.; Mrs. Geeta will save Rs. 780 in buying this T.V. Find the list price of the T.V.
An article is marked at Rs. 4,500 and the rate of sales-tax on it is 6%. A trader buys this article at some discount and sells it to a customer at the marked price. If the trader pays Rs. 81 as VAT, find:
(i) how much per cent discount does the trader get ?
(ii) the total money paid by the trader, including tax, to buy the article.
______ is imposed on all stages between production and final sale.
The cost of a pair of shirts at a shop was Rs. $450$. The sales tax charged was $5\%$. Find the bill amount.
The rate of GST on stainless steel utensils is $18\%$, then the rate of state GST is:
In the format of GSTIN, how many alpha-numerals are present?
Rate of GST on brokerage is:
To find the cost of one share at the time of buying the amount of Brokerage and GST is to be _______ the MV of share.
Rate of GST on essential commodities is:
In the format of GSTIN there are ...... alpha-numerals.
To find the cost of one share at the time of buying the amount of Brokerage and GST is to be ____ the MV of share.
An article was purchased for $Rs. 1239$ including GST of $18\%$. Find the price of the article before GST was added
Rajeev buys good worth $Rs.6650$. He gets a rebate of $6$% on it. After getting the rebate, he pays sales tax@ $10$%. Find the amount he will have to pay for the goods.
$6\%$ SGST was charged on the pen having cost Rs. $300$, then find the amount of CGST charged.
Shyam purchases a scooter costing $Rs.36,450$ and the rate of sales tax is $9%$, then the total amount by her is:
The rate of GST on the spices is $5\%$ which includes the rate of CGST
How many alpha numerals are there in the $GSTIN$ of a registered dealer
The cost of furniture inclusive of VAT is $Rs.\ 7150$. If the rate of VAT is $10\%$, find the original cost of the furniture.
The marked price of an article is Rs. $900$ and the rate of sales tax on it is $6 \%$.If on selling the article at its marked price, a retailer has to pay Rs $4.80$ ; find the money paid by him (including sales tax) for purchasing the article.
The cost of an article is $Rs\ 6,000$ to a distributor.He sells it to trader at $Rs \ 7,500$ and the trader sells it to customer for $Rs \ 8,000$. If the VAT rate is $12.5 \%$; find the VAT paid by distributor.
Vishal goes to a shop to buy a radio costing Rs. $2568$. The rate of sales tax is $7$%. He tells the shopkeeper to reduce the price of the radio to such an extent that he has to pay Rs. $2568$, inclusive of sales tax. Find the reduction needed in the price of the radio
Anad paid Rs30 as sales tax on a bottle of mineral water with marked price as Rs 400. Calculate the rate of sales tax.
Som purchased a cycle for Rs $1,664$ including sales lax. The list price of the cycle is Rs $1,600$, then the rate of sales tax is
Shyam buys an article for Rs $10,000$ and pays $7\%$ tax. He sells the same article for Rs $13,000$ and charges $9 \%$ tax. Find the VAT paid by shyam.
A colour TV is available for Rs 13,440 inclusive of sales tax. If the original cost of TV is Rs 12,000, then the rate of sales tax is:
A shopkeeper purchases an article for Rs 6200 and sells it to customer for Rs 8500. If sales tax is 8% , find the VAT paid by shopkeeper.
Tanya buys a leather coat costing Rs. 3,600, the rate of Sales Tax being 10%. She asks the shopkeeper to reduce the price of the coat to such an extent that she does not have to pay anything more than Rs. 3,366 including Sales Tax. Calculate:
(i) the reduction needed in the cost price of the coat,
(ii) the reduction as percent.
The marked price of two articles $A$ and $B$ together is Rs. 6000. The sales tax on article $A$ is 8% and that on article $B$ is 10%. If on selling both the articles, the total sales tax collected is Rs. 552, find the marked price of each of the articles $A$ and $B$.
A shopkeeper sells an article for Rs. 21,384 including 10% sales-tax. However, the actual rate of sales-tax is 8%. Find the extra profit made by the dealer.
A bicycle is available for Rs. 1,664 including Sales Tax. If the list price of the bicycle is Rs. 1,600, find:
(i) the rate of Sales Tax
(ii) the price, a customer will pay for the bicycle if the Sales Tax is increases by 6%.
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 this profit as per cent.
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 price of a T.V. set inclusive of Sales Tax of 9% is Rs. 13,407. Find its marked price. If Sales Tax is increased to 13%, how much more does the customer has to pay for the T.V. ?
A trader buys an unfinished article for Rs. 1,800 and spends Rs. 600 on its finishing, packing, transportation, etc. He marks the article at such a price that will give him 20% profit. How much will a customer pay for the article including 12% sales tax.
A shopkeeper announces a discount of 15% on his goods. If the marked price of an article, in his shop, is Rs. 6,000; how much a customer has to pay for it, if the rate of Sales Tax is 10% ?
The catalogue price of a colour T.V. is Rs. 24,000. The shopkeeper gives a discount of 8% on the list price. He gives a further off season discount of 5% on the balance. But Sales Tax at 10% is charged on the remaining amount. Find:
(a) the Sales Tax a customer has to pay
(b) the final price he has to pay for the T.V.
A toy is purchased for Rs. 591.36 which includes 12% rebate on the printed price and 12% Sales Tax on the sale price of the toy. Find the printed price of the toy.
A shopkeeper sells an article at the listed price of Rs. $1,500$ and the rate of $VAT$ is $12\%$ at each stage of sale. If the shopkeeper pays a $VAT$ of Rs. $36$ to the Government, what was the price, inclusive of Tax, at which the shopkeeper purchased the article from the wholesaler ?
Geeta purchased a face-cream for Rs. $79.10$ including Sales Tax. If the printed price of the face-cream is Rs. $70$; find the rate of Sales Tax.
A shopkeeper buys an article for Rs. 7,500 and increases its price. He sells this article for Rs. 9,156 including 9% Sales Tax on the increased price. Calculate, by how much per cent does the shopkeeper increase the price of the article.
Given basic price $=12000$, VAT $=10\%$, find VAT to be paid.
When you buy a car for $15,000$ rupees and pay $10\%$ in tax. How much is sales tax?
Ram purchased a phone for Rs $5400$ including VAT. Find the price before VAT was added . The VAT is $8 \%$
Find the final price for the product after a tax is applied for diamond ring. The cost of the ring is $280$ rupees and the tax rate is $12\%$.
When you buy a home for $2,50,000$ rupees and pay $50\%$ in tax. How much is tax?
The cost price of a saree is Rs. $1450$. The sales tax charged was $8\%$. Find the bill amount.
Mike wants to buy something that costs $Rs. 1350$ before VAT. VAT is charged at $14\%$. Calculate the total cost after VAT is added.
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.
A phone has a cost of $Rs. 1200$ excluding VAT at $10\%$. After VAT is included, what is the total cost?
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 $3.4\%$?
What is the actual cost of sweet if you get a discount of $10$% and pays $5$% for tax. Discount price $=100$
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 $12\%$.
A furniture has a cost of $Rs. 300$ excluding VAT at $20\%$. After VAT is included, what is the total cost?
Sumeet bought a cycle for $Rs.2000$ and pays $10$% in tax. How much is tax?
Before adding VAT at $13\%$, a bike's cost is $Rs. 350$. What is the total cost including VAT?
The cost of a pair of shirts at a shop was Rs. $450$. The sales tax charged was $5\%$. Find the bill amount.
In Chennai, Caleb plans to purchase a particular service for Rs. $1300$, plus VAT at $14.5\%$. What is the total cost including VAT?
An item costs Rs. $2400$. The sales tax is $16\%$. What is the cost of the item after taxes?
In Chennai, sales tax is $10.20\%$. What is the tax on items that total Rs. $1450$ before tax?
According to the following data, calculate the cost that an average household pays for gasoline.
- The gasoline tax rate is $18.4$ cents per gallon.
- The average motor vehicle is driven approximately $11,340$ miles per year.
- The national average fuel economy for non-commercial vehicles is $21.4$ miles per gallon.
- The average American household owns $1.75$ vehicles.
Ann stays in a hotel for Rs. $100$ per night. She stays for three nights and pays a sales tax of $12\%$. How much did she pay?
A manufacturer buys a raw materials for Rs. 3000 and pays 4% tax. He sells the ready stock for Rs. 5000 and charges 4% tax. Find the VAT paid by the manufacturer.
If the firm stops making repayments and the goods or assets are taken away from them as a result, this is known as:
A transportation company charges $x$ for a kg. It also charges a sales tax on the things per kg and a fixed amount for a lot. If the total amount, in dollars paid at the time of transportation is given by the expression $1.07x+17$, then what is the sales tax, expressed as a percentage of the base price?
Nancy pays $6\%$ sales tax on a car that costs $\$ 22,000$. What is the cost of the car including sales tax?
After sales tax, a book costs $\$ 25.20$. If sales tax is $5\%$, how much does the book cost before taxes?
Mrs. Malhotra purchased solar panels for the taxable value of Rs $85,000$. She sold them for Rs $90,000$. The rate of GST is $5\%$. Find the ITC of Mrs Malhotra.
Bashir khan purchased 100 shares of MV Rs. $40$. Brokerage paid at the rate of $0.5\%$ and rate of GST on brokerage is $18\%$. Find the total amount he paid for the share purchase.
A dealer has given $10\% $discount on a showpiece of Rs $25,000$. GST of $28\%$ is applied on the discounted price. Find the total amount that is shown in the tax invoice.
A dealer pays following VAT @ of 14% on 20th April Rs. 2500, 20th May Rs. 1200. Find his sales for March and April.
Shri. Batliwala sold shares of Rs $30350$ and purchased shares of Rs $69650$ in a day. He paid $0.1\%$ brokerage on both sale and purchase of shares. $18\%$ GST was charged on the brokerage. Find his total expenditure on brokerage and tax.