A manufacturer marks an article for Rs.5,000. He sells it to a wholesaler at a discount of 25% on the marked price & the wholesaler sells it to a retailer at a discount of 15 % on the market price. The retailer sells it to a consumer at the marked price & the vat at each stage is 8 %. Calculate vat received by the government from the whole seller & retailer.

Rs.80, Rs.60

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Rs.40, Rs.120

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Rs.20, Rs.30

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Rs.40, Rs.20

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Rs.40, Rs.60

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Solution

The correct option is E
Rs.40, Rs.60

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A manufacturer marks an article at Rs. 5000. He sells the article 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 its marked price. If the retailer sells the article without any discount and at each stage, the sales tax is 8%, then the amount of VAT paid by wholesaler and retailer are :

Q. An article is marked at

Rs. 500

. The wholesaler sells it to a retailer at

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discount and charges sales-tax on the remaining price at

12.5 %

. The retailer, in turn, sells the article to a customer at its marked price and charges sales-tax at the same rate. Calculate:
(i) the price paid by the customer
(ii) the amount of VAT paid by the retailer.

A wholesaler buys a TV from the manufacturer for Rs 25,000. He marks the price of the TV $20 %$ above his cost price and sells it to a retailer at a $10 %$ discount on the marked price. If the rate of VAT is $8 %$ , find the :
(i) Marked price
(ii) Retailer's cost price inclusive of tax
(iii) VAT paid by the wholesaler.
[3 MARKS]

A manufacturer produces an article and sells it to a wholesaler at a price of ₹ 500 and wholesaler sells it to retailer at a price of ₹ 600. The retailer sells it to the customer at a price of ₹ 800. If the sales tax charged is $5 %$ . Find the total tax charged by the government under VAT.

A manufacturer produces a good and sells it to a wholesaler at a price of Rs.500 and wholesaler sells it to retailer at a price of Rs.600. The retailer sells it to the customer at a price of Rs.800. If the sales tax charged is $R s 5 %$ . Find the total tax charged by the government under VAT.

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The correct option is E Rs.40, Rs.60

The correct option is E
Rs.40, Rs.60