#Sales

106 Views

4% sales tax on the sale of an article is Rs 2. What is the amount of sale?

Fahim Raza Ansari 26th Jan, 2025

Answers (3)

Tanya Gupta 21st Feb, 2025

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

1 Comment

Share

Facebook Copy Link

More

Comments (1)

Fahim Raza Ansari

21st Feb, 2025

Thanks

Reply

Poral Siddartha 21st Feb, 2025

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.

1 Comment

Share

Facebook Copy Link

More

Comments (1)

Fahim Raza Ansari

21st Feb, 2025

Thanks

Reply

Mukesh Dosad 21st Feb, 2025

Let amount of sale be x

4 % of sales tax on X is 2

4*x/100= 2

x = 2*100/4

x = 50

1 Comment

Share

Facebook Copy Link

More

Comments (1)

Fahim Raza Ansari

21st Feb, 2025

Thanks

Reply

Related Questions

If the sales tax be reduced from 7/2% to 10/3% then what difference does it make to a person who purchase an article with price of 8400?

508 Views

Question : Tax on inheritance is called
Option 1: Excise duty
Option 2: Estate duty
Option 3: Gift tax
Option 4: Sales tax

16 Views

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

31 Views

I need some detail about sales tax examination

46 Views

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

54 Views

Link Copied

The question have been saved in answer later, you can access it from your profile anytime. Access now

Thanks! Your report is submitted, the author will be informed about it

Download Careers360 App

All this at the convenience of your phone

Regular Exam Updates
Best College Recommendations
College & Rank predictors
Detailed Books and Sample Papers
Question and Answers