24) The marked price of a camera is Rs. 1,800. IF shopkeeper allows 10% discount, how much does a costumer pay for it with 13% VAT?
Answers
Answer:
1,830.60
Step-by-step explanation:
10% of 1800 is 180
So, 1800-180= 1620
13% VAT or Rs.210.60
1620+210.60= 1,830.60
Step-by-step explanation:
Given :-
The marked price of a camera is Rs. 1,800. The shopkeeper allows 10% discount.
To find :-
How much does a costumer pay for it with 13% VAT?
Solution :-
Given that
The Marked Price of a camera (M) = Rs. 1800
Given percentage of discount = (D%) = 10%
We know that
Discount = MD/100
=> Discount = (1800×10)/100
=> Discount = 18000/100
=> Discount = Rs. 180
Selling Price = Marked Price - Discount
=> Selling Price = 1800-180
=> Selling Price = Rs. 1620
But
VAT on the camera is 13 %
We know that
VAT is levied on actual selling price
VAT = SP×VAT% /100
=> VAT = 1620×13/100
=> VAT = 16.20×13
=> VAT = Rs. 210.60
Now ,
The amount to be paid by the customer
=> SP+VAT
=> 1620+210.60
=>Rs. 1830.60
Answer:-
The customer will pay Rs. 1830.60 for the camera.
Used formulae:-
→ Discount = MD/100
→ Selling Price = Marked Price - Discount
→ VAT is levied on actual selling price
→ VAT = SP×VAT% /100
→ M = Marked Price
→ D% = Discount percentage
→ VAT = Value Added Tax