A shopkeeper purchases an article for Rs 6200 and sells it to customer for Rs 8500. If sales tax is 8% , find the VAT paid by shopkeeper.

185

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184

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187

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190

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Solution

The correct option is D $184$
$\Rightarrow$ Purchase price for Shopkeeper $= R s . 6, 200$
$\Rightarrow$ Sale price for shopkeeper $= R s . 8, 500$
$\Rightarrow$ Tax paid by the shopkeeper $= 8 %$ of $6, 200 = \frac{8}{100} \times 6, 200 = R s . 496$
$\Rightarrow$ Tax charged by the shopkeeper $= 8 %$ of $8, 500 = \frac{8}{100} \times 8, 500 = R s . 680$
$\Rightarrow$ Then VAT paid by the shopkeeper = $R s .680 - R s .496 = R s .184$

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