Worksheet on Sales Tax and Value-added Tax with solutions are available on this page. Students after practicing the problems on sales tax and value-added tax can test their knowledge by solving the questions provided in these worksheets. After that check out the answers to assess where you went wrong and thereby improve accordingly. Try solving the different models of questions framed on the topic from Sales Tax and Value Added Tax Worksheets PDF and get a good hold of the concepts.
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Sales Tax and Value Added Tax Worksheet with Answers
Example 1.
Annu went to a shop to buy a watch for Rs 654. The sales tax on it is 5%. He requested the shopkeeper to reduce the price to such an extent that he has to pay only Rs 616 including the sales tax. Find the reduction given by the shopkeeper.
Solution:
Given that
The cost of the watch is Rs 654
The rate of sales tax is 5 %
Let us assume the reduced price of the watch be y.
So, the total amount of the watch = y + 5 % of y
= 1y + (5/100)y
= 105y/100
But, the total amount of the watch to be paid = Rs 616
Then, reduced price = 105y/100 = Rs 616
y = (616 × 100)/105
y =Rs 61,600/105
y = Rs 586
Therefore, reduction needed = Rs 654 – Rs 586 = Rs 68.
Example 2.
Neela went to a shop to buy a wallet. The cost of the wallet was Rs 350. The rate of sales tax is 3%. The shopkeeper gave her a discount such that she got the wallet for only Rs 248. Find the discount given by the shopkeeper.
Solution:
Given that,
The cost of a wallet is Rs 350
The rate of sales tax is 3%
Let us assume the reduced price of the wallet be y.
So, the total amount of the wallet = y + 3% of y
= 1y + (3/100)y
= 103y/100
But, the total amount of the wallet to be paid = Rs 248
Then, reduced price = 103y/100 = Rs 248
y = (248 × 100)/103
y = Rs 24,800/103
y = Rs 240.7
Therefore, reduction needed = Rs 3,50 – Rs 240.7 = 108.3
Example 3.
The marked price of a sports shoe is Rs 2640 and the sales tax on it is Rs 1630. Find the rate of sales tax.
Solution:
Given that,
The marked price of sports shoes is Rs 12640
The sales tax = Rs 1630
We know that,
Rate of sales tax = (100 × Sale tax)/marked price
= (100 × 1630)/12640
= 12.8%
Therefore, the rate of sales tax is 12.8
Example 4.
A Samsung tv. is priced in the showroom at Rs 46,000. The sales tax on it is Rs17,960. Find the rate of sales tax.
Solution:
Give that,
Price of samsung tv in the showroom = Rs 46,000
Sales tax = Rs 17,960
We know that,
Rate of sales tax = (100 × Sale tax)/marked price
= (100 × 17,960)/46,000
= 39.04%
Therefore, rate of sales tax is 39.04%
Example 5.
The list price of a dressing table is Rs 6300 and the sales tax on it is Rs 125. Find the rate of sales tax.
Solution:
Given that,
The list price of the dressing table = Rs 6300
The Sales tax = Rs 125
We know that,
Rate of sales tax = (100 × Sale tax)/marked price
= (100 × 125)/6300
= 1.98%
Therefore, the rate of sales tax is 1.98%
Example 6.
The list price of the leather jacket is Rs 9000. A shopkeeper sells the article to a consumer at the list price and charges sales tax at the prescribed rate of 9%. If the shopkeeper pays a VAT of Rs 32 to the State Government, at what price inclusive of sales tax did the shopkeeper buy the leather jacket from the wholesaler?
Solution:
Let the profit of the shopkeeper be Rs x, Then the value of the leather jacket by the shopkeeper = Rs x.
As the VAT paid by the shopkeeper is Rs 32 and the rate of sales tax = 9%,
Therefore 9% of Rs x = Rs 32
9/100 × x = 32
x = 355.5
Therefore, The profit of the shopkeeper = Rs 355.5
Therefore, The price of the leather jacket which the shopkeeper paid to the wholesaler
= Rs 9000 – Rs 355.5= Rs 8644.5.
Sales tax paid by the shopkeeper to the wholesaler on the leather jacket = 9% of Rs 8644.5 = Rs 9/100 × 8644.5
= Rs 778
Therefore, The price of the leather jacket inclusive of sales tax which the shopkeeper paid to the wholesaler
= Rs 8644.5 + Rs 778 = Rs 9422.5
Example 7.
Find the amount paid by Rohan to buy oranges whose list price is Rs 3,250 and the rate of sales tax is 7%.
Solution:
Given that,
The price of the Oranges = Rs 3250
The rate of sales tax = 7%
We know that,
Sales tax = (list price × rate of sale tax)/100
= (3250 × 7)/100
= Rs 227.5
Then,
The amount paid by Rohan to buy oranges = List price + Sales tax
= Rs 3250 + Rs 227.5
= Rs 3477.5
Example 8.
A microphone is listed at Rs 5,500 and the sales tax on it is 12%. Find the selling price of the microphone.
Solution:
Given that,
Rate of sales tax on watch = 18 %
Listed price of watch = Rs 5,500
We know that,
Sales tax = (list price × rate of sale tax)/100
= (5,500 × 12)/100
= Rs 660
Then, Selling price of watch =Rs (5,500 + 660)
= Rs 6160
Example 9.
Marvel purchased a pair of shoes costing $ 650. Calculate the total amount to be paid by him, if the rate of Sales Tax is 9%.
Solution:
Given that
The sale price of pair of shoes = $ 650
The rate of sales tax = 9%
The sales tax = 9 % of $ 650
= 650 × 9/100
= $ 58.5
Therefore, the total amount to be paid by Marvel = $ 650 + $ 58.5 = $ 708.5
Example 10.
If the rate of sale tax increases by 6%, the selling price of a micro oven goes up by 80. Find the marked price of a micro oven.
Solution:
Given that
Rate of sales tax increased = 5%
Selling price of a micro oven = 80
Let the marked price = P(1 + r/100)
When the rate of sales tax increases by 6%,
The selling price = p(1 + r+6/100)
From the equation, P(1 + r+6/100) – P(1 + r/100) = 80
6P/100 = 80
6P = 80 × 100
P = 80 × 100/6
= 1333.3
Therefore, the marked price of the micro oven is 1333.3