A trader bought from a wholesaler at a discount of 30%,the printed price of the article being 6000,and paid tax is at the rate of 28%.he seems at to a customer at a certain rate of discount and charges tax at the same rate. if the get to be paid by him is 134.40,calculate the rate of discount offered by him please answer
Answers
Answer:Marked Price=Rs.10000
manufacturer sell the article to wholesaler at a Discount rate=40%
Discount=40% of 10000=
100
40
×10000=Rs.4000
Then the price of the article after discount=10000−4000=Rs.6000
Rate of sales tax=12%
∴Tax paid by the wholesaler=12% of 6000
⇒
100
12
×6000=Rs.720
The wholesaler sell the article at 20% discount on the marked price to the retailer
Then the price of the article after discount=10000−2000=Rs.8000
Rate of sales tax=12%
∴ sales tax paid by the Retailer =12% of 8000=
100
12
×8000=Rs.960
(i)VAT paid by the wholesaler
VAT=tax paid by the retailer-Tax paid by the wholesaler
VAT=960−720=Rs.240
Retailer sell the article at 10% discount
∴discount price=10% of 10000=
100
10
×10000=Rs.1000
Then the price of the article after discount=10000−1000=Rs.9000
Rate of sales tax=12%
∴Tax paid by the customer=12% of 9000=
100
12
×9000=1080
(ii)VAT paid by the retailer
VAT=tax paid by the customer-Tax paid by the retailer
VAT=1080−960=Rs.120
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