Question

2
31
Annapurna suppliers sold construction materials of Rs.
4.40,000 to Angel suppliers making 10% profit and
adding 13% VAT. Anget suppliers spent Rs. 5.000 for
transportation cost and made 10% profit on the purchased
price excluding VAT and levied local tax Rs. 2500 and
sold to constructor. What VAT amount should be paid by the
constructor?
Ans: Rs. 70187​

Answer 1

Given :  Annapurna suppliers sold construction materials of Rs.  4.40,000 to Angel suppliers making 10% profit and  adding 13% VAT.

To find : VAT amount to be paid by  the  constructor

Solution:

Material Cost = 440000 Rs

10% profit = (10/100) 440000 = Rs 44000

Total Cost = 440000 + 44000 = 484000 Rs

13% VAT =  (13/100) 484000 = 62920  Rs

Anget suppliers spent Rs. 5.000 for  transportation cost

Total Cost excluding VAT = 484000 + 5000 Rs

= 489000 Rs

10 % Profit = (10/100)489000 = Rs 48900

Cost = 489000 + 48900  = Rs 537900

13% VAT  = (13/100)537900 = Rs 69927

Rs 69927 VAT to be Paid by contractor

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Answer 2

He would pay Rs. 82446.

Step-by-step explanation:

Since we have given that

Price = Rs. 440000

Rate of profit = 10%

Vat = 13%

So, Amount after VAT would be

$440000\times \dfrac{130}{100}=572000$

Amount after adding profit would be

$572000\times \dfrac{110}{100}=629200$

So, Angel suppliers spent Rs. 5000 as transportation cost :

$629200+5000=634200$

So, Vat amount should be paid by the constructor would be

$634200\times \dfrac{13}{100}=82446$

Hence, he would pay Rs. 82446.