class 10 tax

Tax 4:47 PM

Tuesday, June 30, 2020

formulas
Define VAT.
SP= CP+ Profit

Profit amount =SP- CP
Profit Amount =

Profit % =

SP= MP- Discount

Discount amount = MP -SP
Discount Amount =

Discount %=

VAT amount = SP with VAT- SP without VAT
VAT amount =

VAT % =

4) the marked price of a radio was Rs 1000. what will be the price o the radio, if 13% VAT was levied , after
allowing 10% discount on it ?
Solution
Marked price ( MP) =1000
VAT%= 12%
Didcount %= 10
We have

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SP=900

5) Allowing 20% discount on the marked price of a watch , the value of the watch will be RS6328,
when a VAT of 13% is added , find its marked prices.
Solution
SP with VAT=6328
Dis%=20%
VAT%=13%

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6) After allowing 5% discount on the marked price of a
radio ,13% VAT is charged on it , then its price
become Rs 2147. How much amount was given in the
discount ?
SP wih VAT=
VAT%=13 %
Dis%=5%

7) After 15% discount on the marked price of a cycle and 13% after VAT levied on
it its price was Rs 7684. What amount of VAT was levied ?

Solution ,
SP with VAT=7684
Dis%=15
VAT%=13%

8) a watch was bought for Rs 1200 . At what labeled price should it be sold to
gain also.

Solution
CP= 1200

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CP= 1200
Profit =
Discount = 20%
We have,

SP= 1600

MP

9)After allowing 20% discount on the marked price and
then levying 10% VAT ,a radio sold .if the buyer had paid
Rs 320 for VAT ,how much had he got discount ?
Solution ,
VAT% = 10
Discount %= 20
VAT amount =320
we have,

VAT% of SP

10) The marked price of a bicycle is Rs 2000 . If the
shopkeeper allow some discount and a customer bought

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shopkeeper allow some discount and a customer bought
it for Rs 1921 including 13% VAT how much amount was
given as the discount?
Solution ,
MP=2000
SP with VAT=1921
VAT%= 13
We have'
SP with VAT=

1921=

Discount =MP-SP
=2000-1700=300

11 b)
Discount %= 10
VAT%= 13%
SP with VAT = 5085

SP with VAT=

5085= SP

508500=113

SP = 4500

we have

VAT amount = VAT% of SP
=

12 ) a dealer sold a refrigerator for Rs 33900 including 13% VAT to retailor .
Find the original price of the retailor . If the retailer spend Rs 1100 on
transportation cost Rs 4000 on local tax and made 10000 profit and then
supply to the printing center ,how much did the costumer pay the VAT

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supply to the printing center ,how much did the costumer pay the VAT
amount and the net price with VAT ?
SOLUTION,
We have

SP of dealer= CP of Retailor=30,000
Value added amount = CP+ Transportation cost + profit + local tax

=30000+1100+1000+ 5000
=46100
VAT amount =
=
final price paid by the costumer= VAT amount + VAT applicable amount

=5863+45100=50963

113 ) A dealer sold a printing machine for Rs 47460 including 13% VAT If
the retailer spend Rs 2500 on transportation cost Rs 4000 on local tax and
made 20% profit on the original price and then supply to the printing
centre ,how much did the costumer pay the VAT amount and the net price
with VAT ?
SOLUTION,
We have

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SP of dealer= CP of Retailor=42000
Value added amount = CP+ Transportation cost + profit + local tax

=42000+2500+4000+20% of 42000
=56900
VAT amount =
=
=7397
final price paid by the costumer= VAT amount + VAT applicable amount

=7397+56900

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Money exchange

Tuesday, June 30, 2020 4:50 PM

1a) it is given that £1 is equal to Rs 155.63. if 2% commission should be paid to
exchange Rs 500000 in to pound sterling , how much pound sterling can be
received ? Find that
Solution:
Commission rate= 2%
Let us consider, Rs x is exchanged into pound sterling
Commission amount = 2% of Rs

Total amount = Exchanged amount + commission amount
Rs 500000=

it is given by question

£1= Rs 155.63 £y

Rs

Using chain rule

2 )in 2065 Bs , £ 15 was equal to $31 and $5 was equal to Rs315. how much pound could be
exchanged for Rs 15190?
Solution
let pound could be exchanged for Rs 15190

for chan rule

£ 15 = $31
$5 = Rs315
Rs15190=£

Using chan rule

3 )in 2065 Bs , £ 15 was equal to $31 and $5 was equal to Rs 390. how much pound could be
exchanged for Rs 31200?
Solution

let pound could be exchanged for Rs 31200

for chain rule

£ 15 = $31
$5 = Rs390.

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$5 = Rs390.
Rs31200=£

Using chain rule 0

4a) In 2066 Bs , £ 52 was equal to $91 and Rs 2112 was equal to £ 16 . how many dollars($)
equal to for Rs 31200?

5) in Feb 2015 the exchanged rate are ₹100(IC)=Rs 160(Nc) and $1=Rs
100 (Nc) how many American dollars was equal to ₹80000?
Solution,
Let was equla to ₹80000
₹100(IC)=Rs 160 (Nc)

x=₹ 80000
Using chain rule

6) 10 tolas gold bought from American market ant 553 per tolsa is sold in nepal at 20% custom
duty charbed and 13% Vat . At what price should it be sold ?
Solution
Cost of 10 tolas=10

Cost including custom duty=5530+20% of 5530
=

cost including custom duty and Vat= (6636+13% Of 6636)=7496.68

7) If selling rate and the buying rate of 1 pound sterling are Rs 150 and Rs 148
respectively Gorkhe bought pound sterling for Rs 26000 and sold in next day .
What will be the profit percent if NC is devaluated by 10 %?
Solution,
Selling rate of Bank=Buying rate for Ghorkhe=Rs 150 per £

In next day , Nepali Money is devaluated by 10%
So, selling price of Ghorkhe= Buying rate bank

=Rs 148+10% of Rs 148

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=Rs 148+10% of Rs 148
=

Profit in 1 pound = SP-Cp=162 -150=12

Profit %=

Profit %=

8)find the cost to galvanize a tank un Us dollars given that the exchange rate 1
£=Rs 150 and $60=£40 if the cost is Rs 5000
solution
Let cost of the galvanize a tank in US dollars be
for chain rule
1£=Rs 150
Rs 5000=
$60=£40
by using chain rule

9)given that Euro 1 is equal to Rs 114.60 . An article is sold at Euro 120 and
35% profit At what price it should be sold to get 40% profit
Solution
SP=120 Euro
If 35% profit is made

SP

if 40% profit is made

SP

Sp in Rs=

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10)How much will be the profit if an article for is sold With £3 ? Given

that $1=Rs100 and £1=Rs150
Solution
CP=
SP=£3=

Profit= SP-CP=450-400=50

11) 500 Baggable caps bought for 2,00,000 in Nepali Market are sold in Britain paying 5 % export tax then
150% profit was made . Find the selling price of each cap in pound sterling {£1=Rs155.63]
Cost including export duty =
cost including export & Profit=

cost in pound=
=3373.38

Cost of each cap=

13) The plane fare of Nepal Airlines , from Kathmandu to London , in Kathmandu is Rs
9000. if the ticket is bought in London then it costs 800 Euro. Which is cheaper and
by what percent
Cost in Kathmandu= Rs 9000
Cost in London in Rs=

Cost in Kathmandu is cheaper
Difference of cost =91680-9000
Required %=1680/800

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