Question

mohit, a dealer in electronic goods, buy a tv set for ₹61200. he sells this tv set to geeta, geeta to rohan and rohan to manoj. if the profit at each stage is₹2000 and rate ofVAT at each stage is 12.5% find,total amount of tax paid to government and money paid by manoj to buy the tv set

Answer 1

the first amount = 61200
tax = 12.5%
amount = 7650
amount including tax = 68850
profit = 2000
amount = 70850
amount including tax = 70850×12.5÷100 = 8856.25
amount including tax = 79706.25
profit = 2000

amount = 81706.25
tax = 10213.28
amount including tax = 91919.53
profit= 2000
amount = 93919.53
tax = 11739.94 = answer
amount including tax = 105659.47 = total amount paid by Manoj
Hope this helps.