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The printed price of an article is ₹ 60000. The wholesaler allows a discount of 20% to the shopkeeper. The shopkeeper sells the article to the customer at the printed price. Sales tax (under VAT) is - Mathematics

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प्रश्न

The printed price of an article is ₹ 60000. The wholesaler allows a discount of 20% to the shopkeeper. The shopkeeper sells the article to the customer at the printed price. Sales tax (under VAT) is charged at the rate of 6% at every stage. Find :
(i) the cost to the shopkeeper inclusive of tax.
(ii) VAT paid by the shopkeeper to the Government.
(iii) the cost to the customer inclusive of tax.

योग

उत्तर

Printed price of an article = ₹ 60000
Rate of discount allowed = 20%
Total discount

= ₹ 60000 x `(20)/(100)` 
= ₹ 12000
S.P. after discount
= ₹ 60000 – ₹ 12000
= ₹ 48000
Rate of VAT = 6%
(i)  Amount paid by the shopkeeper

= ₹ 48000 + ₹ 48000 x `(6)/(100)`
= ₹ 48000 + ₹ 2880
= ₹ 50880
(ii) The price at which the shopkeeper sold to the customer = ₹ 60000
Profit
= ₹ 60000 – ₹ 48000
= ₹ 12000
VAT paid by the customer to the Govt.
= ₹ 12000 x `(6)/(100)` 
= ₹ 720
(iii) Total cost to the customer = ₹ 60000 + VAT inclusive of tax

= ₹ 60000 + `(60000 xx 6)/(100)`
= ₹ 60000 + ₹ 3600
= ₹ 63600.

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अध्याय 1: Value Added Tax - Exercise 1.1

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