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A manufacturing company M sells a computer to a distributor for ₹ 33,000 including sales tax. The distributor D sells it to a retailer R for ₹ 35,000 excluding tax and the retailer sells it to a customer for ₹ 36,000 plus tax. If the rate of sales tax (under VAT ) is 10 % find i) the cost price of the computer for the distributor ii) the amount of tax (under VAT) paid by Retailer |
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Answer» A manufacturing company M sells a computer to a distributor for ₹ 33,000 including sales tax. The distributor D sells it to a retailer R for ₹ 35,000 excluding tax and the retailer sells it to a customer for ₹ 36,000 plus tax. If the rate of sales tax (under VAT ) is 10 % find
i) the cost price of the computer for the distributor ii) the amount of tax (under VAT) paid by Retailer |
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