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Question
A shopkeeper bought a TVfrom 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 :
VAT paid by the distributor is
Options
₹1920
₹1400
₹480
₹8000
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Solution
The list price of T.V. set = ₹32000
Discount = 25%
Rate of VAT = 6%
Sale price
= `₹32000 xx ((100 - 25)/100)`
= `₹32000 xx (75)/(100)`
= ₹24000
VAT paid by the distributor
= `₹24000 xx (6)/(100)`
= ₹1440.
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A shopkeeper bought a TVfrom 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 :
VAT paid by the shopkeeper is
