ML Aggarwal Solution Class 10 Chapter 1 Value Added Tax Chapter Test
Chapter Test Question 1 A shopkeeper bought a washing machine at a discount of 20% from a wholesaler, the printed price of the washing machine being ₹ 18000. The shopkeeper sells it to a consumer at a discount of 10% on the printed price. If the rate of sales tax is 8%, find: (i) the VAT paid by the shopkeeper. . (ii) the total amount that the consumer pays for the washing machine. Sol : (i) S.P. of washing machine $=\left(1-\frac{10}{100}\right) \times ₹ 18000$ $=\frac{90}{100} \times 18000=₹ 16200$ Sales tax=8 % of ₹ 16200 $=\frac{8}{100} \times ₹ 16200=₹ 1296$ Printed price =₹ 18000 Price paid by shopkeeper$=\left(1-\frac{20}{100}\right) \times ₹ 18000$ $=\frac{80}{100} \times ₹ 18000=₹ 14400$ Sale tax paid by shopkeeper$=\frac{8}{100} \times ₹ 14400=₹ 1152$ (i) ∴VAT paid by shopkeeper=Tax charged - Tax paid =₹ 1296-₹ 1152=₹ 144 (ii) Price paid by customer =₹ 16200+₹ 1296=₹ 17496 Question 2 A manufacturing company sold an article to its distributor for ₹22000 includi...