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Example 4 - Chapter 7 Class 8 Comparing Quantities
Last updated at May 29, 2023 by Teachoo
Sales Tax and Value Added Tax
Chapter 7 Class 8 Comparing Quantities
Concept wise
- Ratios & Percentages
- Finding Increase or Decrease Percent
- Finding Discounts
- Finding cost price, selling price, profit % , loss%
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Sales Tax and Value Added Tax
- Simple Interest
- Compound Interest
- Compound Interest compounded half yearly
- Compound Interest for fraction years
- Applications of Compound Interest Formula
Transcript
Example 4 (Finding Sales Tax) The cost of a pair of roller skates at a shop was Rs 450. The sales tax charged was 5%. Find the bill amount. Sales Tax is charged on the cost Price of an item and is added to the bill Given, Cost of a pair of Skates = Rs 450 Sales tax Percentage = 5% Sales tax Amount = Sales tax Percentage × Cost Price = 5% × 450 = 5/100 × 450 = 5/10 × 45 = 1/2 × 45 = 22.5 Now, Bill Amount = Cost Price + Tax Amount = 450 + 22.5 = Rs 472.5 ∴ Bill Amount = Rs 472.50
