QUIZ OF THE DAY

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Mrs. Sharma purchased confectionery goods costing Rs. 165 on which the rate of Sales Tax was 6% and some tooth-paste, shaving cream, soap, etc., 

costing Rs.230 on which the rate of Sales Tax was 10%.

 If she gives a 500 rupee note to the shopkeeper, 

what money will he return to Mrs. Sharma?

QUIZ OF THE DAY

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During a financial year, a shopkeeper purchased goods worth Rs. 4, 15, 000 and paid a total tax of Rs. 38, 000. 

During the same financial year, he sold all the goods purchased as below:

i) Goods worth Rs. 50,000 at 5% tax.

ii) Goods worth Rs. 3, 20, 000 at 12% tax.

iii) Goods worth Rs. 45, 000 which are exempted from tax.

Calculate the tax liability (under VAT) for the financial year under consideration.

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QUIZ OF THE DAY!

Greta purchased a Facial-cream for Rs. 79.10 including Sales Tax. 

If the printed price of the Facial-cream is Rs. 70, find the rate of Sales Tax.

solutions quiz

John purchased a pair of shoes costing Rs. 850 

including Sales Tax.

 If the rate of Sales Tax is 8%, find the sale price 

of the shoes.

Solution:

Sale price of shoes = Rs. 850

And,

Sales Tax = 6% of Rs. 850 = Rs. 51

Therefore,

The total amount paid by John

= Rs. 850 + Rs. 51

= Rs. 901     -Ans. 

PRIME FACTORS

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FIND MORE TOPICS:

Finding the prime factors of a number

Example. Find the prime factors of 30.

30=10x3.  Here , 10 and 3 are factors of 30.

The number 10 can be written as a product of its factors as : 2 x 5. Thus, the prime factors of 30 are :

30 = 2 x 5 x 3. ( 2, 5, 3are prime numbers.)

Finding the prime factors of a number is the same as writing a number as a product of its prime factors. 

Tests of divisibility are useful in finding out prime factors.

The amount of VAT

vat is a new method of realising tax on the sale/ purchase of  goods.

A manufacturing company sold a commodity to 

its distributor for Rs. 22, 000 including VAT. 

The distributor sold the commodity to a retailer 

for Rs. 22, 000 (excluding tax) and the retailer sold it to the consumer for Rs. 25, 000 plus tax under VAT. 

If the rate of tax at each stage is 10%, 

what was the:

i) Sale price of the commodity 

for the manufacturer?

ii) The amount of VAT paid by the retailer? 

QUIZ OF THE DAY

Mr. Fernandez purchased an article for Rs. 702 including Sales Tax. 
If the rate of Sales Tax is 8%, find the sales price of the article.