5. The list price of a dinning table is 8800. What amount will a consumer have to pay, if
the rate of VAT is 8%
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answer is Rs. 9504
Step-by-step explanation:
The list price of a dinning table is 8800
the rate of VAT is 8%
.•. value of VAT = 8800×8\100
= 88 × 8
= 704
.•. amount will a consumer have to pay
= price of dinning table + VAT
= 8800 + 704
= 9504 rupees
.•.amount will a consumer have to pay is Rs. 9504
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