Question

13% VAT is levied on there pairs of suits each costing rs.7400, find the total bill amount when a discount of 10% iS allOWED

Answer 1

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Marked Price of Watch = Rs 1000 if after allowing 20% discount and levying 13% value added tax,the value of a watch will be Rs. 904

Step-by-step explanation:

Let say Marked price of the Watch = M Rs

Discount = 20 %

Discount = (20/100)M = 0.2M Rs

Price after Discount = M - 0.2M = Rs 0.8M

13 % Value added tax

=> VAT = (13/100) * 0.8M = 0.104M Rs

Value of Watch = 0.8M + 0.104M = 0.904M Rs

0.904M = 904

=> M = 1000