A shopkeeper purchases an article for Rs. 6,200 and sells it to a customer for Rs. 8,500. If the sales-tax (under VAT) is 8%; find the VAT paid by the shopkeeper.

Rs. 132

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Rs. 166

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Rs. 172

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Rs. 184

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Solution

The correct option is D Rs. 184
VAT=output tax-Input tax
Output tax=8% of 8500= $\frac{8}{100} \times 8500 = R s .680$
Input tax=8% of 6200 $= \frac{8}{100} \times 6200 = R s .496$
VAT $= 680 - 496 = R s .184$

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Q. A shopkeeper sells an article at its marked price (Rs.

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) and charges sales-tax at the rate of

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from the customer. If the shopkeeper pays a VAT of Rs.

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A shopkeeper purchases an article for Rs. 6,200 and sells it to a customer for Rs. 8,500. If the sales-tax (under VAT) is 8%; find the VAT paid by the shopkeeper.

The correct option is D Rs. 184VAT=output tax-Input taxOutput tax=8% of 8500=8100×8500=Rs.680Input tax=8% of 6200=8100×6200=Rs.496VAT=680−496=Rs.184

The correct option is D Rs. 184
VAT=output tax-Input tax
Output tax=8% of 8500= $\frac{8}{100} \times 8500 = R s .680$
Input tax=8% of 6200 $= \frac{8}{100} \times 6200 = R s .496$
VAT $= 680 - 496 = R s .184$