Compute the sales tax amount on the following transactions:
MRP rs 1000/-
Sales Tax is 10%
cess on sales tax is 5%
Turnover tax is 1% on net turnover
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Answer / guest
Sales tax = 1000*10%=100
Cess on sales tax=100*5%=5
Turnover tax=(100+5)*1%=1.5
Then total Sales tax=106.5
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