To calculate the amount of sale, let the sale amount be x
The sales tax is 4% of x, and it is given as Rs 2. Therefore:
4% of x
(4/100)*x=2
x= (2*100)/4
Thus, the amount of sale is 50
If the sales tax of 4 percent on an article amounts to Rs 2, you can calculate the sale amount by dividing the tax by the tax rate.
So, Rs 2 divided by 0.04 equals Rs 50. This means the sale price before tax is Rs 50.
Adding the Rs 2 tax gives a total of Rs 52, which is the price after tax.
Let amount of sale be x 4 % of sales tax on X is 2 4*x/100= 2 x = 2*100/4 x = 50
Question : Tax on inheritance is called
Option 1: Excise duty
Option 2: Estate duty
Option 3: Gift tax
Option 4: Sales tax
Question : A, B, and C are partners in a business where they split profits and losses 2: 2: 1. C died on March 31, 2022. Each year on December 31st, accounts are closed. Sales for 2021 totaled Rs. 6,00,000, and profits came to Rs. 60,000. From January 1 to March 31, 2022, there were Rs. 2,00,000 sales. The dead partner's share of the sales-based profit for the current year is:
Option 1: Rs.3,000
Option 2: Rs.4,000
Option 3: Rs.20,000
Option 4: Rs.8,000
Question : Which of the following sets belongs to central tax?
Option 1: Excise duty, Sales tax, and Customs duty
Option 2: Excise duty, Customs duty, and Income tax
Option 3: Income tax, Customs duty, and House tax
Option 4: Customs duty, Entertainment tax, and Income tax
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