Q. 174.8( 9 Votes )

# A person purchase

Answer :

Given: Taxable Amount = ₹ 2,50,000, Actual sales tax = 12%, Charged sales tax = 21%

Excess amount charged = 9% of 2,50,000

⇒ Excess amount charged =

Now, for interest:

P = ₹ 22500, R = 12%per annum, time = 8 months

Simple Interest =

Interest on Excess Amount =

Amount Received by consumer = ₹22500 + ₹1800 = ₹24300

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