Apurva buys a mobile at a discount of 30% from the wholesaler, the printed price of the mobile being ₹ 2000 and the rate of sales tax is 6%. Apurva sells it to a buyer at the printed price and charges tax at the same rate. Find the VAT paid by the Apurva .
Rs. 36
Printed price of mobile is ₹ 2000.
Discounted price= 2000 ×70100 = ₹ 1400
Tax paid by Apurva = ₹ 1400 ×6100 = ₹ 84
Apurva sells the mobile on its printed price which is equal to the the cost price of the camera for the buyer.
So, the cost price of mobile for buyer = ₹ 2000
Sales tax paid by the buyer
= ₹. 6% of ₹ 2000
= 6100×2000
= ₹ 120.
VAT paid by Apurva
= Sales tax charged by her – Sales tax paid by her
= ₹ 120 – ₹ 84
= ₹ 36