Please solve the 9 th problem Please do not provide any link Q 9 Mohit, a dealer - Maths - Compound Interest

Question

Please solve the 9 th problem
Please do not provide any link
Q 9 Mohit, a dealer in electronic goods, buys a high class TV set
for Rs 61,200 He sells this TV set to Geeta, Geeta to Rohan and
Rohan sells it to Manoj If the profit at each stage is Rs 2,000 and
the rate of VAT at each stage is 12 5 %, find :
(i) total amount of tax (under VAT) paid to the Government
(ii) Money paid by Manoj to buy the TV set

Shruti Tyagi · Accepted Answer

Dear student,

Let price of TV set before 12
5 % VAT and sold to Mohitx+12
5% of x=61200⇒x+125x1000=61200⇒x+x8=61200⇒9x8=61200⇒x=61200×89⇒x=6800×8⇒x=54400Thus, Mohit paid total money to Government in the form of VAT = 61200-54400 = Rs  6800And, Geeta paid total money to Government in the form of VAT = 12
5 % of ( 61200 + 2000 ) = 63200×12
5100= 632×12
5 = Rs 7900And Geeta paid for T
V set  =  63200 + 7900 = Rs 
 71100  Then,  Rohan paid total money to Government in the form of VAT = 12
5 % of ( 71100 + 2000 ) = 73100×12
5100= 731×12 5= Rs 9137
5And Rohan paid for T
V set =73100+9137 5 = Rs 82237
5   Then,  Manoj paid total money to Government in the form of VAT=12
5 % of ( 82237
5 + 2000 ) = 84237 5×12
5100 =84237 58   = Rs 10529
6875   And Manoj paid for T
V set  =  84237 5 + 10529
6875 = Rs 94767
1875     And  Total money paid to government = 6800 + 7900 + 9137
5 + 10529 6875 = Rs 34367
1875

Regards