Question

A shopkeeper buys an article at a discount of 25% from the wholesaler.The printed price of the article is Rs.5000 and the rate of sales tax is 10% . The shopkeeper sells it to the customer
at a discount of 5% of the printed price and charges the sales tax at the same rate.Find :
1) the amount paid by the customer.
2) the VAT paid by the shopkeeper ​

Answer 1

Answer:

Step-by-step explanation:

1)

sp =5000*75/100*110/100*95/100

=5000(3*11*19/4*10*20)

=5000*627/800

50*627/8

=15675/4

= 3918.75

2)

mp+discount 1=mp for vat

=5000*3/4

=3750

=vat =10% of 3750

=375