Advertisements
Advertisements
Question
A manufacturing company sells a T.V. to a trader A for ₹ 18000. Trader A sells it to a trader B at a point of ₹ 750 and trader B sells it to a consumer at a profit of ₹ 900. If the rate of sales tax (under VAT) is 10%, find
(i) the amount of tax received by the Government.
(ii) the amount paid by the consumer for the T.V.
Solution
The sale price of a T.V. to trader A = ₹ 18000
Rate of VAT tax = 10%
∴ Amount of VAT
= `18000 xx 10/100 = ₹1800`
The gain of A = ₹750
∴ VAT on gain
= ₹`(750 xx 10)/100 = ₹75`
Gain of trader B = ₹900
VAT tax paid
= `(900 xx 10)/100 = ₹90`
(i) Total tax paid to Govt.
= ₹ (I800 + 75 + 90)
= ₹ 1965
(ii) Amount paid by the consumer to trader B
= ₹ 18000 + 750 + 900 + Tax 1965
= ₹ 21615.
APPEARS IN
RELATED QUESTIONS
A manufacturer marks an article for Rs. 5000. He sells it to a wholesaler at a discount of 25% on the marked price and the wholesaler sells it to a retailer at a discount of 15% on the marked price. The retailer sells it to a consumer at the marked price and at each stage, the VAT is 8%. Calculate the amount of VAT received by the government from:
(1) the wholesaler,
(2) the retailer.
Rajat purchases a wrist-watch costing Rs 540. The rate of sales tax is 8%. Find the total amount paid by Rajat for the watch.
Ramesh paid Rs 345.60 as sales tax on a purchase of Rs 3,840. Find the rate of sales tax.
Q
Q
The list price of an article is Rs.800 and is available at a discount of 15 percent. Find :
(i) selling price of the article ;
(ii) cost price of the article, if a profit of `13 1/3` % is made on selling it.
Savita purchased an almirah for Rs. 4536 including sale tax. If the list price of the almirah is Rs. 4,200, find the rate of sale tax charged.
A manufacturing company ‘P’ sells a Desert cooler to a dealer A for ₹ 8100 including sales tax (under VAT). The dealer A sells it to a dealer B for ₹ 8500 plus sales tax and the dealer B sells it to a consumer at a profit of ₹ 600. If the rate of sales tax (under VAT) is 8%, find
(i) the cost price of the cooler for dealer A.
(ii) the amount of tax received by the Government.
(iii) the amount which the consumer pays for the cooler.
A shopkeeper buys an article for ₹ 12000 and marks up its price by 25%. The shopkeeper gives a discount of 10% on the marked up price. He gives a further off-season discount of 5% on the balance. But the sales tax (under VAT) is charged at 8% on the remaining price. Find:
- The amount of VAT that a customer has to pay.
- The final price he has to pay for the article.
A wholesaler buys a computer from a manufacturer for ₹ 40000. He marks the price of the computer 20% above his cost price and sells it to a retailer at a discount of 10% on the marked price. The retailer sells the computer to a consumer at the marked price. If the rate of sales tax (under VAT) is 10% at every stage, then choose the correct answer from the given four options
VAT paid by the manufacturer is
