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3 cards from this section. Quick, good the night before a test.
What is the sales tax on an item priced at ₹200 with a tax rate of 10%?
Calculate 10% of 200.
If an item priced at ₹1,000 includes a 5% sales tax, what was the original price?
Use the formula: Price / (1 + tax rate).
What does GST stand for?
Think about the components of what GST covers.
True or False: VAT is collected only at the final point of sale.
Recall how VAT is applied in the production chain.
You bought a furniture set for ₹22,000 that included a total tax of 15%. Find the price before tax was included.
Remember to use the formula for calculating the base price before tax.
If a laptop costs ₹60,000 including an 18% GST, determine how much GST is included in that price.
Use the percentages as fractions for this calculation.
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