A shopkeeper buys an article at a discount of 30% and pays sales tax at the rate of 6%. The shopkeeper sells the article to a customer at 6% . The shopkeeprer sells the article to a customer at 10% discount on the list price and charges sales tax at the same rate. If the list price of the article is ₹3000, find : (i) the price inclusive of sales tax paid by the shopkeeper. (ii) the price paid by the consumer . (iii) the VAT paid by the shopkeeper.
2 answers
2226,2862,36
Shopkeeper got the discount so,listed price was Rs 3000 then
3000-30% of 3000
3000-900 = 2100 without tax
Consumer got 10% discount on list price then
3000-3000×10%
3000-300 = 2700
(ii)Tax paid by him = 2700×6% + 2700
162+2700
= 2862
Profit of shopkeeper =2700-2100
=600 so,
(iii) VAT on profit of shopkeeper
=600×6% =36
(i) the price inclusive of sales tax paid by shopkeeper = VAT + money without tax
= 36+2100 = 2136
3000-30% of 3000
3000-900 = 2100 without tax
Consumer got 10% discount on list price then
3000-3000×10%
3000-300 = 2700
(ii)Tax paid by him = 2700×6% + 2700
162+2700
= 2862
Profit of shopkeeper =2700-2100
=600 so,
(iii) VAT on profit of shopkeeper
=600×6% =36
(i) the price inclusive of sales tax paid by shopkeeper = VAT + money without tax
= 36+2100 = 2136
5 answers