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  • 15-03-2024
  • Business
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in india, let's assume excise duty is 10% and sales tax is 10%. you made a sales of 1000. What is the sales tax?

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Hi1315
Hi1315 Hi1315
  • 15-03-2024

Answer:

100

Explanation:

Excise Duty = 10% of the sale price

 [tex]\sf Excise \:Duty = 0.10 \times 1000 = 100[/tex]

2. Sales Tax = 10% of the sale price

[tex]\sf Sales\: Tax= 0.10 \times 1000 = 100[/tex]

The total tax amount is the sum of excise duty and sales tax:

[tex]\sf Total \:Tax= Excise \:Duty + Sales\: Tax= 100 + 100 =200[/tex]

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