Bissoy.com
Doctors Medicines MCQs Q&A

A passenger paid 50% customs duty on accompanied baggage items. He paid another 20% sales tax on the total value of the items plus the custom duty paid. The total custom duty and sales tax is Tk. 350. what is the value of the item custom duty and sales tax?

A passenger paid 50% customs duty on accompanied baggage items. He paid another 20% sales tax on the total value of the items plus the custom duty paid. The total custom duty and sales tax is Tk. 350. what is the value of the item custom duty and sales tax? Correct Answer None these

50% customs duty on accompanied baggage items. another 20% sales tax on the total value of the items .total = (50 + 20)= 70%so,70%= 350;1 % = 350/70100 = (350*100)/70 = 500. Ans.

Related Questions

The sumof the pre-tax costs of items A ans item B is Tk. 300. In dhaka, each item would be charged a flat 7% tax. In Rangpur item A is subject to 5% tax and item b is subject to 10% tax. If the tax in Rangpur on the purchase of both items is exactly Tk 3 more than it is in Dhaka, than what is the pre - tax price of item A?
Niharika bought one item for Rs. 600 and another for Rs. 9000. She paid a 5% sales tax on the first item and 12.5% sales tax on the second item. How much percentage tax approximately did she pay on an average if the two items are taken together?
Complete the equation. 2Res+OH– + 2– → __________ + 2OH– 2- b) (Res+)23- c) (Res+)22- d) (Res+)32-
A person bought two articles X and Y from a departmental store. The sum of prices before the sales tax was Rs. 130. There was no sales tax on the article X and 9% sales tax on the article Y. The total amount the person paid, including the sales tax, was Rs. 136.75. What was the price of the article Y before sales tax?
The Central Board for Indirect Taxes & Customs (CBIC) has launched the Indian Customs Compliance Information Portal (CIP) at www.cip.icegate.gov.in/CIP. It will provide free access to information on all customs procedures and regulatory compliance for nearly how many customs tariff items?
Cost price of item A is Rs. 300 less than that of item B for a shopkeeper. He marks item A and B above 80% and 40% respectively their cost prices and sold them at 20% and 40% discount respectively. If selling price of item, A is Rs. 18 more than that of item B, then what is the ratio of cost price of item A to that of item B?
Neha was solving a problem in which subtraction of 673–257 was required. She said, "257 plus 100 will be 357, 457, 557, 657. So, 257 plus 400 is 657". "Now 657 plus 10 is 667, 677, so, 657 plus 20 is 677 and 4 less in 677 is 673. "Therefore, 400 plus 20 minus 4 is 416". Hence 673–257 is 416. Which of the following statements is most appropriate for the strategy of Neha?
In the question below, are given a statement followed by three courses of actions numbered I, II and III. On the basis of the information given, you have to assume everything in the statement to be true, and then decide which of the following suggested courses of actions logically follow(s) for pursuing. Statement: Ikea, the world’s largest furniture retailer with 38 billion euros in annual sales, said the customs duty increase will push up costs in India and could hamper business sentiment. Trade barriers such as import duties are against ideas of a global economy and ease of doing business and will lead to higher costs in India, which is not customer friendly. Ikea said it’s still gauging the impact of the move and wouldn’t be able to comment on whether prices will be raised or not. The Swedish company’s entry marked one of the most significant overseas investments in the country.  Courses of action: I. The company imports, most of the products it sells including tableware, kitchenware and household items made of plastic, and travel bags among other items that are covered by the duty increase announced on Wednesday. Companies have said prices of air-conditioners, premium refrigerators, washing machines, shoes and suitcases will go up by 3-5% while premium imported shoes will be dearer by about 5%.  II. Ikea made its debut in India with its Hyderabad store in August and plans to expand to more locations across the country, keeping prices low as it seeks to appeal to customers in a price sensitive market.  III. India announced duty changes on 19 items including air-conditioners, refrigerators, washing machines, footwear, jewelry, furniture fittings, tableware and ATF to curb the current account deficit and stem the slide in the rupee against the dollar. 
Which of the following components are true about tax planning?
1. Tax planning is the process of analyzing a financial plan or a situation from a tax perspective.
2. The objective of tax planning is to make sure there is tax efficiency. With the help of tax planning, one can ensure that all elements of a financial plan can function together with maximum tax-efficiency.
3. Reducing tax liability and increasing the ability to make contributions towards retirement plans are critical for success.
4. Tax planning comprises various considerations such as size, the timing of income, timing of purchases, and planning are concerned with other kinds of expenditures.
5. The chosen investments and the various retirement plans should go hand-in-hand with the tax filing status as well as the deductions in order to create the best possible outcome.
Directorate General of Civil Aviation has allowed domestic flight operators to give concessions in ticket prices to travellers who carry no baggage or only cabin baggage. At present, a traveller can carry up to how many kg of cabin baggage?