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`        A manufacturer buys motorbikes at a cost price of Rs 30600.He sells it to B,B sells it to C and C sells it to D.The rate of VAT is 12.5% find_( 1) total amount of VAT paid and, (2) the cost price for the buyer if profit at each stage of selling chain is Rs. 1000.`
2 years ago

```							Dear Aayush Selling price of motorbike to the manufacture = Rs 30600 + Rs 1,000 = Rs 31600Amount of tax collected by manufacture A = 12.5% of Rs 31600 = 12.5*31600/100 = 3950 Dealer B earns a profit of Rs 1000, so the value added by dealer B is Rs 1000.Amount of VAT to be paid by B = 12.5% of Rs 1000 = 12.5*1000/100 = 125 Dealer C earns a profit of Rs 1000, so the value added by dealer C is Rs 1000.Amount of VAT to be paid by C = 12.5% of Rs 1000 = 12.5 *1000/100 = 125 D earns a profit of Rs 1000, so the value added by D is Rs 1000.Amount of VAT to be paid by D = 12.5% of Rs 1000 = 12.5*1000/100 = 125 Total amount of VAT paid = Rs 3950 + Rs 125 + Rs 125 + Rs 125 = Rs 4325(2)Value of motorbike paid by the consumer= Rs 31600 + Rs 1000 + Rs 1000 + Rs 1000= Rs 34600Tax paid by the consumer = 12.5% of Rs 34,60012.5 *34600/100 = 4325∴ Amount paid by the consumer = Rs 34600 + Rs 4325 = Rs 38925 RegardsArun (askIITians forum expert)
```
2 years ago
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