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CBSE|Profit and Loss (Part 3)#!#Problems...

CBSE|Profit and Loss (Part 3)#!#Problems on Sales Tax

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From the following Statement of Profit and Loss for the year ended 31st March, 2013, prepare Comparative Statement of Profit and Loss of Good Services Ltd.: Rate of Income tax was 50%

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The _____ differs from item to item and state to state. (sales tax/income tax)

The sale price of an article including the sales tax is Rs 616. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%, then find the cost price of the article.

Amna purchased a toy for Rs 660 including sales tax. If the rate of sales tax is 10%, then the selling price of the toy is _________.