A- Rs- 116 - Rs- 82 respectivelyB- Rs-115- Rs- 85 respectivelyC- Rs-115- Rs- 75 respectivelyD- Rs- 136- Rs- 75 respectively

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VAT

A. Rs. 116 , ...

Question

A purchases an article for ₹ 3,100 and sells it to B for ₹ 4250. B in turn sells it to C for ₹ 5000. If VAT is 10%, find the VAT levied on A and B.

Rs. 116, Rs. 82 respectively

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Rs.115, Rs. 85 respectively

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Rs.115, Rs. 75 respectively

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Rs. 136, Rs. 75 respectively

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Solution

The correct option is C
Rs.115, Rs. 75 respectively

VAT paid by A = 10% of ₹ (4250 - 3100)

= 10% of ₹ 1,150

= ₹ 115

VAT paid by B = 10% of ₹ (5,000 - 4250)

= 10% of 750

= ₹ 75.

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A purchases an article for ₹ 3,100 and sells it to B for ₹ 4250. B in turn sells it to C for ₹ 5000. If VAT is 10%, find the VAT levied on A and B.

The correct option is C Rs.115, Rs. 75 respectively VAT paid by A = 10% of ₹ (4250 - 3100) = 10% of ₹ 1,150 = ₹ 115 VAT paid by B = 10% of ₹ (5,000 - 4250) = 10% of 750 = ₹ 75.

The correct option is C
Rs.115, Rs. 75 respectively

VAT paid by A = 10% of ₹ (4250 - 3100)

= 10% of ₹ 1,150

= ₹ 115

VAT paid by B = 10% of ₹ (5,000 - 4250)

= 10% of 750

= ₹ 75.