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How to calculate pf, esi, vat, sales tax etc.,

Answer Posted / ankur chavda

ASSUME THAT PRICE OF AN ARTICLE IS 100. VAT RATE IS 4% SO
TOTAL VALUE WOULD BE 104. NOW WHAT WILL BE THE PRICE OF AN
ARTICLE WHOSE TOTAL VALUE IS 5000.
CALCULATION:
104 4
5000 ? = 5000*4/104= 192 WOULD BE VAT AND REMAINING
WOULD BE COST PRICE OR SELLING PRICE WITHOUT VAT. IT WOULD
BE 4808.
ASSUMPTION:
1. THERE IS NO EXCISE AND ANY OTHER TAX IS APPLICABLE.

Is This Answer Correct ?    29 Yes 13 No



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