excise duty how to solve problem when price cum duty given in the problem with example

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Student CA asked over 1 year ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Tutor CA answered over 1 year ago

price cum duty means the price is inclusive of the duty element
like in the above example suppose the cost of goods is rs108 price cum duty that means it includes excise duty in rs108
so to find the price you assume if price is 100 and duty rate is 8%then total cost would be rs108.so if the price cum duty in the problem say is 216 then what is price.
216/108*200
IE RS 200 then duty would be 16

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Student CA answered over 1 year ago

actually when price cum duty arise and what did you mean by price cum dity

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Tutor CA answered over 1 year ago

price would be 100

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Tutor CA answered over 1 year ago

for example if the price cum duty is 108 and excise duty rate is 8% then divide 108/108 multiply with 100

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Tutor CA answered over 1 year ago

when price cum duty is given you have to find the duty element

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