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 : A, B and C were partners sharing profits and losses in the ratio of 2:2: l. C died on 30th June, 2020. Profit and Sales for the year ended 31st March, 2020 were Rs. 1,00,000 And Rs. 10,00,000 respectively. Sales during April to June, 2020 were Rs. 1,50,000. share of profit of C till the date of his death will be__________.
Option 1: Rs 15,000
Option 2: Rs 6,000
Option 3: Rs 3,000
Option 4: None of the above
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