1- The manufacturer sold a TV to a wholesaler for Rs-7000- the wholesaler sold it to a trader at a profit of Rs-1000- find- H1- The total VAT collected by the state government at the rate of 5 -2- The amount that the customer pays for the TV-

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The manufacturer sold a TV to a wholesaler for Rs.7000. the wholesaler sold it to a trader at a profit of Rs.1000, find:H

The total VAT collected by the state government at the rate of 5%.

The amount that the customer pays for the TV>

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Solution

Cost price for Wholesaler- Rs. 7000
Cost price for Trader- Rs. 8000
Cost price for Customer- Rs. 9500

VAT- 5% of 9500
= Rs. 475

And the customer pays Rs. 9500 for the TV

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The manufacturer sold a TV to a wholesaler for Rs.7000. the wholesaler sold it to a trader at a profit of Rs.1000, find:H The total VAT collected by the state government at the rate of 5%. The amount that the customer pays for the TV>

Cost price for Wholesaler- Rs. 7000 Cost price for Trader- Rs. 8000 Cost price for Customer- Rs. 9500 VAT- 5% of 9500 = Rs. 475 And the customer pays Rs. 9500 for the TV

The manufacturer sold a TV to a wholesaler for Rs.7000. the wholesaler sold it to a trader at a profit of Rs.1000, find:H

The total VAT collected by the state government at the rate of 5%.

The amount that the customer pays for the TV>

Cost price for Wholesaler- Rs. 7000
Cost price for Trader- Rs. 8000
Cost price for Customer- Rs. 9500

VAT- 5% of 9500
= Rs. 475

And the customer pays Rs. 9500 for the TV