CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Finding Sales Tax / VAT

Mohan paid ta...

Question

Mohan paid tax Rs. $1, 000$ on purchase value and collected Rs. $1, 200$ tax on sale value. Find the M-VAT payable by Mohan.

Open in App

Solution

Amount of tax paid by Mohan $=$ Rs. $1, 000$
Amount of tax recovered by Mohan $=$ Rs. $1, 200$
Thus, the M-VAT payable by Mohan $=$ Rs. $1, 200 -$ Rs. $1, 000 =$ Rs. $200$

Suggest Corrections

thumbs-up

0

Similar questions

Q. Mohan paid tax Rs.

1000

on purchase value and collected Rs.

1200

tax on sale value. Find the M-VAT payable by Mohan.

Q. Fatima, the proprietor of a firm paid Rs.

1, 250

tax on purchase and collected Rs.

1, 475

tax on sale. Find the M-VAT payable by Fatima.

Q. Motilal Shah paid Rs.

7, 000

as a tax on purchase and collected Rs.

9, 000

as a tax on sale. Find the M-VAT payable by Motilal Shah.

Q. Robin, the wholesaler has paid Rs.

6, 500

tax at the time of purchase and collected

8, 000

tax at the time of sale. Find the M-VAT payable by Robin.

Mohan paid Rs 20 as sales tax on a pair of shoes worth Rs 250. Find rate of sales tax.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Sales Tax and Value Added Tax

MATHEMATICS

Watch in App

explore_more_icon

Explore more

Finding Sales Tax / VAT

Standard VIII Mathematics

Join BYJU'S Learning Program

CrossIcon