Tax Calculations Multiple Choice Questions with Answers – PDF Download

MCQ 1: If a certain leather purse has marked price of $300 and 5% of value-added is imposed on it then the total amount buyer has to pay on buying it is:

1. $315
2. $325
3. $323
4. $318

MCQ 2: The total amount of money a buyer has to pay if he bought an antique article marked at $500 with a 15% value-added tax imposed on it is:

1. $630
2. $614
3. $620
4. $575

MCQ 3: If shop keeper marks price of a good at $150 and buyer gets discount of 20% then the selling price of good is:

1. $120
2. $130
3. $110
4. $100

MCQ 4: If the designer pair of shoes is advertised on an online store as $210 inclusive of 6% goods and services tax (GST) then the original price of designer pair of shoes is:

1. $285
2. $198
3. $210
4. $225

MCQ 5: There are 30 customers who visited a shop and purchases goods costing $120. If a sales manager will receive commission of 5% on total sales made by him then the commission received (in dollars) is:

1. $240
2. $215
3. $180
4. $200