Question

a tv set is bought for rs60000 including sales tax charged at the rate of 20% what is the original price​

Answer 1

Step-by-step explanation:

Printed price of the article = Rs. 60,000

Discount offered =20%

Therefore, cost price for the shopkeeper = Rs. 60,000×(1−

100

20

)= Rs. 48,000

(i) Cost price inclusive of VAT =48,000+(48,000×

100

6

)= Rs. 50,880

(ii) VAT paid by the shopkeeper to the government = Tax charged on sale − Tax paid on sale =60,000×

100

6

−48,000×

100

6

= 3600−2,880= Rs. 720

(iii) Cost to the customer =60,000+(60,000×

100

6

)= Rs. 63,600

Hope this helped u