alleryStart learning →Licence Rs 20 lakh, duty Rs 2 lakh, recoverable tax Rs 1 lakh, fees Rs 0.5 lakh, discount Rs 1 lakh. Cost?
ARs 23.5 lakh
BRs 22.5 lakh
CRs 21.5 lakh
DRs 20.5 lakh
Answer & Solution
Correct answer: C. Rs 21.5 lakh
Cost is 20 + 2 + 0.5 - 1 = Rs 21.5 lakh because recoverable tax is excluded and the trade discount is deducted.
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