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If a business has a selling price of ₹1,000 with 10% VAT applied, how much VAT is collected?
  • a)
    ₹110
  • b)
    ₹90
  • c)
    ₹100
  • d)
    ₹120
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
If a business has a selling price of ₹1,000 with 10% VAT applied, how ...
VAT = (10 / 100) × ₹1,000 = ₹100. This amount represents the tax collected on the sale, which the business must remit to the government.
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If a business has a selling price of ₹1,000 with 10% VAT applied, how much VAT is collected?a) ₹110b) ₹90c) ₹100d) ₹120Correct answer is option 'C'. Can you explain this answer? for Class 8 2026 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about If a business has a selling price of ₹1,000 with 10% VAT applied, how much VAT is collected?a) ₹110b) ₹90c) ₹100d) ₹120Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 8 2026 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a business has a selling price of ₹1,000 with 10% VAT applied, how much VAT is collected?a) ₹110b) ₹90c) ₹100d) ₹120Correct answer is option 'C'. Can you explain this answer?.
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