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A Retailer Purchases a Fan for ₹ 1200 from a Wholesaler and Sells It to a Consumer at a 15% Profit. If the Rate of Sales Tax (Under Vat) at Every Stage is 8%, Then Choose the Correct Answer - Mathematics

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Question

A retailer purchases a fan for ₹ 1200 from a wholesaler and sells it to a consumer at a 15% profit. If the rate of sales tax (under VAT) at every stage is 8%, then choose the correct answer from the given four options
The cost of the fan to the consumer inclusive of tax is

Options

  • ₹1296

  • ₹1380

  • ₹1310.40

  • ₹1490.40

MCQ
Sum

Solution

Cost of fan to the consumer inclusive tax
= ₹1380 + 110.40
= ₹ 1490.40.

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Computation of Tax - List Price
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Chapter 1: Value Added Tax - Multiple Choice Question

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ML Aggarwal Understanding ICSE Mathematics [English] Class 10
Chapter 1 Value Added Tax
Multiple Choice Question | Q 5
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