Worksheet on Printed Price, Rate of Sales Tax, and Selling Price is available on this page. Thus the students who are in search of problems on Sales Tax and Value Added Tax can refer to this page. The terms printed price, rate of sales tax, and selling are used to calculate the sales tax of the product. Learn the concept of sales tax and try to solve the problems on Printed Price, Rate of Sales Tax, and Selling Price. Click on the provided links to find the answer key of Worksheet on Printed Price, Rate of Sales Tax, and Selling Price.
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Printed Price, Rate of Sales Tax, and Selling Price Worksheets PDF
Example 1.
The printed price of a ball is Rs. 720. If a sales tax of 7% is charged from the buyers, find the price at which it is sold.
Solution:
Given that
The printed price of a ball = Rs 720.
Sales tax is 7 % from the buyers.
We know that
Printed Price = sales tax × printed price
Then, ball sold at price = Printed Price + Sales Tax
Here we have the Printed price of the ball =Rs. 720
Given that Sales tax charged from the buyers = 7%
So Price at which the ball sold = Sale tax charged on the printed price = P × r/100 =(7/100) × 720
= 50.4
Price at which ball sold = Printed price + Sales Tax
=720+50.4
=770.4
The price at which the ball sold is Rs. 770.4
Example 2.
The listed price of a watering can is 940. If a sales tax of 6% is charged from the buyer, find the selling price of the water can.
Solution:
Given that
The list price of a watering can is 9700
Sales tax = 6 %
We know that sales tax = P × r/100
If are sales tax of 6% charged= 940
× (6/100) = 56.4
so the selling price of a water can= list price of water can + sales tax = 940 + 56.4 =996.4
Example 3.
An aquarium is available for Rs 12000 inclusive of sales tax. If the original cost of TV is Rs 8000, then the rate of sales tax is?
Solution:
Given that
An aquarium is available for Rs 12000 inclusive of sales tax
The original cost of the aquarium is Rs 8000
Let us assume the rate of sales tax be x%
First, we will find the cost of the aquarium including the rate of sales tax= 12000
We will now add the original price with the x% of the original cost, we get
Cost of the aquarium =x% × 8000 + 8000
Cost of the aquarium = x/100 × 8000 + 8000
Cost of the aquarium = 80x + 8000
Substituting the value of the cost price of the aquarium in the above equation, we get
12000 = 80x + 8000
Subtracting the above equation by 8000 on both sides, we get
12000 − 8000 = 80x + 8000 − 8000
4000 = 80x
Dividing the above equation by 80 into both sides, we get
4000/80=80x/80
50 = x
x = 50
Therefore, the rate of sales tax on the aquarium is 50%
Example 4.
A machine is marked for sale at 3678 inclusive of sales tax at the rate of 6%. Calculate the sales tax on the machine.
Solution:
Let the price of the machine without sales tax = P.
The selling price S = 3678 and the rate of sales tax r = 6%
S = P(1 + r/100)
3678 = P(1 + 6/100)
P × 106/100 = 3678
Therefore, P =3678 × 100/106 = 3898.68
Therefore, the sale tax = Selling price – Printed price
= 3678 – 3469.81
=208.19
Therefore sales tax of a machine is Rs 208.19
Example 5.
Mari purchased a pair of glasses costing $ 750. Calculate the total amount to be paid by him, if the rate of Sales Tax is 5%.
Solution:
Given that
The sale price of glasses = $ 750
The sales tax of 5% of $750 is 750× 5/100 = 37.5
We know that
Total amount to be paid = sale price of shoes + sales tax
Therefore, the total amount to be paid by Mari = $ 750 + $ 37.5 = $ 787.1
Example 6.
The price of a digital camera is $ 810 inclusive of sales tax. If the rate of sales tax is 3%, find the printed price of the digital camera.
Solution:
Given that
Total price of a digital camera including of sales tax = 810
Rate of sales tax = 3 %
Total price = tax + price of digital camera
=3% of 810 + price of digital camera
3 % of 810 = 810 ×3/100 = 24.3
810 = 24.3 + price of digital camera
price of digital camera = 810 – 24.3 = 785.7
Example 7.
The printed price of a television is Rs. 3,500. If a sales tax of 2% is charged from the buyers, find the price at which it is sold.
Solution:
Given that
The printed price of a television = Rs 3500.
Sales tax is 2 % from the buyers.
We know that
Printed Price = sales tax × printed price
Then, television sold at price = Printed Price + Sales Tax
Here we have the Printed price of the television = Rs. 3500
Given that Sales tax charged from the buyers = 2%
So Price at which the television sold = Sale tax charged on the printed price = P × r/100 =(2/100) × 3500
= 70
Price at which television sold = Printed price + Sales Tax
= 3500 + 70
=3570
The price at which television sold is Rs. 3570
Example 8.
A bus is available for Rs 16080 inclusive of sales tax. If the original cost of TV is Rs 6100, then the rate of sales tax is?
Solution:
Given that
A bus is available for Rs 16080 inclusive of sales tax
The original cost of the bus is Rs 6100
Let us assume the rate of sales tax be x%
First, we will find the cost of the bus including the rate of sales tax= 16080
We will now add the original price with the x% of the original cost, we get
Cost of the bus = x% × 6100 + 6100
Cost of the bus = x/100 × 6100 + 6100
Cost of the bus = 61x + 6100
Substituting the value of the cost price of the bus in the above equation, we get
16080 = 61x + 6100
Subtracting the above equation by 6100 on both sides, we get
16080 − 6100 = 61x + 6100 − 6100
9980 = 61x
Dividing the above equation by 80 into both sides, we get
9980/80=61x/61
163.6 = x
x = 163.6
Therefore, the rate of sales tax on the bus is 163.6%
Example 9.
The rate of sale tax on shirts is 4% one can buy a pair of shirts at ₹ 840. what is the marked price.
Solution:
Given that
The rate of sale on shirts = 4%
Cost of pair of shirts = 840
Cost of one shirt = 840/2 = 420
We know that
Marked price = SP × 100/100 + tax
Marked price = 420 × 100/ 100 + 4
Marked price = 420 × 100/104
= 42000/104
= 403.84
Marked price = 403.84
Example 10.
The price of a T.V. The set inclusive of Sales Tax of 9% is Rs. 13407. Find its marked price. If Sales Tax is increased to 13%, how much more does the customer have to pay for the T.V?
Solution:
let the marked price be Rs.x
Therefore x + 9 % of x = 13407
x + 9/100 =13407
109x /100 = 13407
x = 12300
If the sales tax is increased 13% then
The price of the T.V = 12300+13% of 12300
12300 + 13/100 × 12300
=Rs 13899
Therefore customer pay = 13899 – 12300 = Rs.492