Ali purchase a motorcycle in Rs. 52900. He paid the 5% tax on it. Ali sold that motorcycle in Rs. 53500 and he charged tax 7% on it. Find the value added tax on it?
- Rs. 1100
- Rs. 1125
- Rs. 1140
- None of these
Explanation
To find the value-added tax (VAT), we need to calculate the tax paid and charged, then find the difference.
Step 1: Calculate the tax paid on purchase
Tax paid = 5% of Rs. 52900 = 0.05 * 52900 = Rs. 2645
Step 2: Calculate the tax charged on sale
Tax charged = 7% of Rs. 53500 = 0.07 * 53500 = Rs. 3745
Step 3: Calculate the value-added tax (VAT)
VAT = Tax charged - Tax paid = Rs. 3745 - Rs. 2645 = Rs. 1100
Related MCQs
- 500
- 600
- 480
- 976
اس سوال کو وضاحت کے ساتھ پڑھیں
- 20%
- 25%
- 30%
- 15%
اس سوال کو وضاحت کے ساتھ پڑھیں
- Rs. 55,000
- Rs. 60,000
- Rs. 65,000
- Rs. 70,000
اس سوال کو وضاحت کے ساتھ پڑھیں
- Rs. 2,150
- Rs. 2,250
- Rs. 2,300
- Rs. 2,350
اس سوال کو وضاحت کے ساتھ پڑھیں
- 112.5
- 112.6
- 112.7
- None of these
اس سوال کو وضاحت کے ساتھ پڑھیں
