4. A shopkeeper buys a camera at a discount of 20% from the wholesaler, the printed
price of the camera being ₹1600 and the rate of sales tax is 6%. The shopkeeper sells
it to the buyer at the printed price and charges sales tax at the same rate. Find
1) the price at which the camera can be bought.
2) the VAT (Value Added Tax) paid by the shopkeeper.
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Answer:
Printed price of camera = Rs. 1,600 Discount% = 20% Print price by wholesaler = 1,600 – 20 % of 1,600 Tax charged by the wholesaler = 6% of 1,280 Purchase price for the shopkeeper = Rs. 1,280 + Rs. 76.80 = Rs. 1,356.80 Selling price for the shopkeeper = Rs. 1,600 Tax charged by the shopkeeper = 6% of 1,600 Purchase price for a customer = Rs. 1,600 + Rs. 96 = Rs. 1,696 The price at which the camera can be bought from the shopkeeper is Rs. 1,696. VAT paid by the shopkeeper = Tax charged - Tax paid = Rs. 96 – Rs. 76.80= Rs. 19.20 The VAT (Value Added Tax) paid by the shopkeeper is Rs. 19.20.
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