class 10 tax

Tax 4:47 PM

Tuesday, June 30, 2020

Cp Mp Sp
Profit Discount VAT
Sp Sp SP with VAT
SP= CP+ Profit SP= MP- Discount
VAT amount = 1
Profit amount = Discount amount = 1 =2
2 =2
VAT % =
Profit % Discount %

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

SP=900

Arithemaics Page 1

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.
SP with VAT=6328
Dis%=20%
VAT%=13%

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%

Arithemaics Page 2

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
Profit =
Discount = 20%
We have,

SP= 1600

Arithemaics Page 3

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
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=
SP with VAT=
Discount =MP-SP

=2000-1700=300

Arithemaics Page 4

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
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+4000
=45100
VAT amount =
=
final price paid by the costumer= VAT amount + VAT applicable amount

=5863+45100=50963

113 ) A dealor 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 ?

Arithemaics Page 5

with VAT ?
SOLUTION,
We have

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

Arithemaics Page 6