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