4.A shop keeper sells a mobile at the market price of Rs 7250 and the rate of GST is 12% at each stage of sale if the shopkeeper place is GST of RS 150 to the government what was the price inclusive of tax at which the shopkeeper purchased the mobile from the wholesaler
Answers
Explanation : Since, the shopkeeper sells the article for Rs. 7,500 and charges sales-tax at the rate of 12%.
∴ Tax charged by the shopkeeper =12% of Rs.7,500
=
100
12
× Rs.7,500=Rs.900
∵ VAT = Tax charged − Tax paid
⇒ Rs.180=Rs.900−Tax paid
⇒ Tax paid by the shopkeeper =Rs.900−Rs.180=Rs.720
If the shopkeeper buys the article for Rs. x
Tax on it =12% of Rs. x =Rs.720
⇒
100
12
x=720
⇒x=
12
720×100
⇒x=Rs.6,000
∴ The price (inclusive of tax) paid by the shopkeeper=Rs.6,000+Rs.720=Rs.6,720
verified_toppr
Correct option is
A
Rs. 6,720
Since, the shopkeeper sells the article for Rs. 7,500 and charges sales-tax at the rate of 12%.
∴ Tax charged by the shopkeeper =12% of Rs.7,500
=
100
12
× Rs.7,500=Rs.900
∵ VAT = Tax charged − Tax paid
⇒ Rs.180=Rs.900−Tax paid
⇒ Tax paid by the shopkeeper =Rs.900−Rs.180=Rs.720
If the shopkeeper buys the article for Rs. x
Tax on it =12% of Rs. x =Rs.720
⇒
100
12
x=720
⇒x=
12
720×100
⇒x=Rs.6,000
∴ The price (inclusive of tax) paid by the shopkeeper=Rs.6,000+Rs.720=Correct option is
A
Rs. 6,720
Since, the shopkeeper sells the article for Rs. 7,500 and charges sales-tax at the rate of 12%.
∴ Tax charged by the shopkeeper =12% of Rs.7,500
=
100
12
× Rs.7,500=Rs.900
∵ VAT = Tax charged − Tax paid
⇒ Rs.180=Rs.900−Tax paid
⇒ Tax paid by the shopkeeper =Rs.900−Rs.180=Rs.720
If the shopkeeper buys the article for Rs. x
Tax on it =12% of Rs. x =Rs.720
⇒
100
12
x=720
⇒x=
12
720×100Answer : Rs. 6,720
⇒x=Rs.6,000
∴ The price (inclusive of tax) paid by the shopkeeper=Rs.6,000+Rs.720=Rs.6,720
verified_toppr
s
Step-by-step explanation: