The cost of the fan to the consumer inclusive of tax is
(a) ₹ 1296
(b) ₹ 1380
(c) ₹ 1310.40
(d) ₹ 1490.40
Solution:
(d) ₹ 1490.40
Explanation:
Cost of fan to the consumer inclusive tax
= ₹ 1380 + 110.40
= ₹ 1490.40 (d)
A shopkeeper bought a TV from a distributor at a discount of 25% of the listed price of ₹ 32000. The shopkeeper sells the TV to a consumer at the listed price. If the sales tax (under VAT) is 6% at every stage, then choose the correct answer from the given four options for questions 6 to 8 :
VAT paid by the distributor is
(a) ₹ 1920
(b) ₹ 1400
(c) ₹ 480
(d) ₹ 8000
Solution:
(b) ₹ 1400
Explanation:
List price of T.V. set = ₹ 32000
Discount = 25%
Rate of VAT = 6%
= ₹1440