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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What is the sales tax on an item priced at ₹200 with a tax rate of 10%?
💡 Hint: Calculate 10% of 200.
Question 2
Easy
If an item priced at ₹1,000 includes a 5% sales tax, what was the original price?
💡 Hint: Use the formula: Price / (1 + tax rate).
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What does GST stand for?
- General Sales Tax
- Goods and Services Tax
- Global Sales Tax
💡 Hint: Think about the components of what GST covers.
Question 2
True or False: VAT is collected only at the final point of sale.
- True
- False
💡 Hint: Recall how VAT is applied in the production chain.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
You bought a furniture set for ₹22,000 that included a total tax of 15%. Find the price before tax was included.
💡 Hint: Remember to use the formula for calculating the base price before tax.
Question 2
If a laptop costs ₹60,000 including an 18% GST, determine how much GST is included in that price.
💡 Hint: Use the percentages as fractions for this calculation.
Challenge and get performance evaluation