The selling price of the fan by the retailer (excluding tax) is

by

The selling price of the fan by the retailer (excluding tax) is
(a) ₹ 1200
(b) ₹ 1380
(c) ₹ 1490.40
(d) ₹ 11296

Solution:

(b) ₹ 1380

Explanation:

Cost price of a fan = ₹ 1200
Profit = 15%

ML Aggarwal Class 10 Solutions for ICSE Maths Chapter 1 Value Added Tax MCQS Q1.1

VAT paid by the wholesaler is
(a) ₹ 96
(b) ₹ 14.40
(c) ₹ 110.40
(d) ₹ 180

Solution:

(a) ₹ 96

Explanation:

Rate of VAT =8%
.’. VAT paid by wholesaler = ₹ 1200 x \\ \frac { 8 }{ 100 }
= ₹ 96 (a)

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