A dealer sold a machine worth Rs 1,50,000 excluding 13% VAT to a retailer suppliers. The retailer sold the machine including Rs 400 transportation fair, Rs 1500 local tax and Rs 700 profit to the customer. What amount should the customer had paid as VAT? Also find its final price with VAT.
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Selling price of machine = 150000+400+1500+700=152600
VAT = 13%of SP
so,13×152600÷100=19838
VAT=19838
Total SP including VAT = 152600+19838=172438
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A dealer sold a machine worth Rs 1,50,000 excluding 13% VAT to a retailer suppliers. The retailer sold the machine including Rs 400 transportation fair, Rs 1500 local tax and Rs 700 profit to the customer. What amount should the customer had paid as VAT? Also find its final price with VAT.
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