## Frank Solutions for Class 10 Maths Chapter 2 Sales Tax and Value Added Tax - Download Free PDF with Solution

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## FAQs on Frank Solutions for Class 10 Maths Chapter 2 Sales Tax and Value Added Tax - PDF

1. What is a tax?

A tax is a financial instrument designed by the government to generate revenue.

2. What is sales tax?

A tax levied on the transaction of goods and services in terms of a percentage of the value is called sales tax. It is paid to the government.

3. What is value-added tax?

This genre of tax depicts the rule of increasing the value of a product at each level of production, distribution, and transaction.

4. What is a discount?

A percentage of the sales price of an article not charged by the owner is called a discount.

5. What is the cost price?

The price of an article considering its manufacturing and distribution is called its cost price.