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Question

A purchases an article for Rs 3600 and sells it to B for Rs 4800. B, in turn, sells the article to C for Rs 5500. If the VAT rate is 10%, find the VAT levied on A and B.


  1. A = Rs 120 and B = Rs 70

  2. A = Rs 122 and B = Rs 60

  3. A = Rs 120 and B = Rs 70

  4. A = Rs 122 and B = Rs 90

A

A = Rs 120 and B = Rs 70

B

A = Rs 122 and B = Rs 90

C

A = Rs 120 and B = Rs 70

D

A = Rs 122 and B = Rs 60

Solution

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