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Question
A wholesaler buys a computer from a manufacturer for ₹ 40000. He marks the price of the computer 20% above his cost price and sells it to a retailer at a discount of 10% on the marked price. The retailer sells the computer to a consumer at the marked price. If the rate of sales tax (under VAT) is 10% at every stage, then choose the correct answer from the given four options
VAT paid by the manufacturer is
Options
₹4000
₹4320
₹320
none of these
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Solution
VAT paid by the manufacturer
= ₹40000 x `(10)/(100)`
= ₹4000.
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