A dealer pays following VAT @ of 14% on 20th April Rs. 2500, 20th May Rs. 1200. Find his sales for March and April.

16428.55

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26428.55

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36428.55

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46428.55

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Solution

The correct option is C $26428.55$
Sales for April:
Total VAT = VAT% of sales
$2500 = \frac{14}{100} \times s a l e s$
Sales of April $= R s . 17857.14$
Sales for May:
Total VAT = VAT% of sales
$1200 = \frac{14}{100} \times s a l e s$
Sales of April $= R s . 8571.42$
Total sales for March and April $= 17857.14 + 8571.41 = R s . 26428.55$

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A dealer pays following VAT @ of 14% on 20th April Rs. 2500, 20th May Rs. 1200. Find his sales for March and April.

The correct option is C 26428.55Sales for April:Total VAT = VAT% of sales2500=14100×salesSales of April =Rs.17857.14Sales for May:Total VAT = VAT% of sales1200=14100×salesSales of April =Rs.8571.42Total sales for March and April =17857.14+8571.41=Rs.26428.55