Question

Babli bought a VCR for ₹19980 including VAT. If the original price of VCR ,be ₹18500,find the rate of VAT?​

Answer 1

Answer:

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Answer 2

Given:

Cost price(CP) of each article=Rs. 8000

Profit of 8% on TV

Loss of 4% on VCR

Cost price of TV =Rs. 8000

Profit on TV = Cost price × profit %

Profit on TV =8% of 8000

=8000× 100/8

=80×8

=Rs. 640

Cost Price of VCR =Rs. 8000

Loss on VCR = Cost price × Loss %

Loss on VCR=4% of 8000

=8000× 100/4

=80×4

=Rs. 320

Since profit is more than loss,

Hence, the shopkeeper gains net profit

Net Profit=640−320=Rs. 320

Now

Total cost Price of both article=8000+8000=Rs. 16000

Profit(%)= C.Pprofit×100

Profit (%)= 16000/320 ×100

Profit(%)= 16/32

Profit(%)=2%

Hence, the gain in the whole transaction =2%.