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Q.

A dealer pays VAT of Rs. 13000/- @ 5%, to find his sales for the given period.


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a

160000

b

260000

c

360000

d

460000 

answer is B.

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Detailed Solution

Concept: We have a VAT of Rs. 13000/-, or value added tax. Additionally, we have a VAT proportion of 5%. The total sales for the time period must be determined. Let's say that the total sales were Rs. x.Total Value Added Tax Paid = VAT as a percentage of Total Sales, as we are aware.
Question ImageTotal sales amount to Rs. 2,60,000.
Hence, the correct option is 2.
 
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A dealer pays VAT of Rs. 13000/- @ 5%, to find his sales for the given period.