Formula: 1 Mark
Steps: 1 Mark
Each answer: 1 Mark
ManufacturerWholesalerTraderConsumerC.P.−Rs 15,000Rs 16,200Rs 18,000+Rs 144=18,144S.P.Rs.15000Rs16,200Rs 18,000−Profit(Given)−Rs 1,200Rs 1,800−VAT(8%)Rs1,500×8100=Rs1,200Rs1,200×8100=Rs 96Rs 1,800×8100=Rs 144
(i) Amount of VAT received by the State Government on the sale of this machine from manufacturer and wholesaler is Rs, 1,200 and Rs 96 respectively
(ii) Amount that the consumer pays for the machine = Rs (18,000 + 144) = Rs 18,144.