Question

MCQs

Tick (√) the correct option

Read the statement and find the correct answer.

A Retailer purchases a fan for Rs.1200 from a wholesaler and sells it to a customer at 15% profit. If the rate of Sales Tax (under VAT) at every stage is 8% then choose the correct answer from the given four options :

1. The selling price of the fan by retailer (excluding tax) is Rs. ------.

A.1200
B.1380
C.1000
D.2380

2. VAT paid by the wholesaler is Rs.

A.96
B.86
C.106
D.76

3. VAT paid by the retailer is Rs.

A.24.40
B.14.40
C.24.30
D.15.44

4. VAT collected by the Govt. On sell of fan is Rs.

A.24.40
B.14.40
C.110.40
D.15.44

5. The cost of fan for the consumer is Rs.

A. 1296
B. 1380
C. 1310.40
D. 1490.40



PLEASE help me..... solve please it is very very URGENT for me please solve....it..please....​

Answer 1

Answer:

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