Ross purchases an article for Rs. 7000 and sells it to customers for Rs. 8200. If VAT is $6 %$ , find the VAT paid by Ross.

Rs. 82

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Rs. 72

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Rs. 52

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Rs. 44

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Solution

The correct option is B
Rs. 72

VAT paid by the shopkeeper = 6% of Rs. (8200 - 7000)

= $R s . (\frac{6}{100}) \times 1200 = R s . 72$

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Q. 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.

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Ross purchases an article for Rs. 7000 and sells it to customers for Rs. 8200. If VAT is 6%, find the VAT paid by Ross.

The correct option is B Rs. 72 VAT paid by the shopkeeper = 6% of Rs. (8200 - 7000) = Rs.(6100)×1200=Rs.72

Ross purchases an article for Rs. 7000 and sells it to customers for Rs. 8200. If VAT is $6 %$ , find the VAT paid by Ross.

The correct option is B
Rs. 72

VAT paid by the shopkeeper = 6% of Rs. (8200 - 7000)

= $R s . (\frac{6}{100}) \times 1200 = R s . 72$