Question

Gurung suppliers sold a machine by making 13% profit on Rs.150000 to Yadav suppliers. Yadav suppliers sold the machine including Rs.4000 transportation cost, Rs.7000 profit and Rs.1500 local tax to the consumer. If the consumer pays 13% vat, find the final amount of VAT paid by the consumer.

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

Answer 2

Answer:

Answer is 69927

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