Maths · Probability: Probability of an event, addition and multiplication theorems of probability
A manufactacturer buys raw material for Rs. 60,000 and pays tax. He sells the re
A manufactacturer buys raw material for Rs. 60,000 and pays \( 4 \% \) tax. He sells the ready stocks for Rs. 92,000 and charges \( 12.5 \% \) tax. Find the VAT paid by the manufacturer.
- A. \( R s .13,870 \)
- B. \( R s .12,160 \)
- C. \( R s .10,370 \)
- D. \( R s .9,100 \)
Step-by-step solution
Input tax = 4% of Rs. 60,000 = Rs. 2,400. Output tax = 12.5% of Rs. 92,000 = Rs. 11,500. VAT paid = Output tax - Input tax = Rs. 11,500 - Rs. 2,400 = Rs. 9,100.
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