Question

A living room suite is priced at ₹
5,000 plus value added tax (VAT) at 15%. How much does the suite actually cost the consumer ?

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Answer 1

Answer:

Rs. 5,750

Step-by-step explanation:

Cost Price= Rs. 5,000

VAT= 15%

Selling Price=  Cost Price + Cost Price*VAT

                    = 5,000 + 5,000*15/100

                    = 5,000 + 750

                    = Rs. 5,750

Hope that helps.......