Wednesday, August 23, 2017

Q. A dealer sold a photocopy machine for Rs. 4,20,000 plus adding 13% VAT to the retailer. If the retailer spent Rs. 2,500 on transportation cost, Rs. 4,000 on local tax and made Rs. 20,000 profit and then supplied to a customer, how much did the customer pay the VAT amount at the present rate of VAT?

Soln: