Cost of Tv is 75000 to distributor.He sells it to a trader for85000.trader sells it to customer for 100000.
If rate of Vat is 10prcnt find VAT paid to government

Asked by lovemaan5500 | 11th Dec, 2017, 05:04: PM

Expert Answer:

begin mathsize 16px style VAT space paid space by space the space distributor equals fraction numerator space 10 over denominator 100 end fraction cross times 75000 equals Rs. space 7500
VAT space paid space by space trader equals 10 over 100 cross times open parentheses 85000 minus 75000 close parentheses equals Rs. space 1000
VAT space paid space by space the space customer equals 10 over 100 cross times open parentheses 100000 minus 85000 close parentheses equals Rs. space 1500
Total space VAT space paid space to space the space government space equals space Rs. space left parenthesis 7500 space plus space 1000 plus 1500 right parenthesis equals Rs. space 10000 end style

Answered by Rashmi Khot | 12th Dec, 2017, 12:33: PM

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