Find the buying price of each of the following items when 5 % VAT is imposed on the purchase of the following :
(a). A towel of ₹ 110
(b). A pack of three soaps at ₹ 135
(c). 5kg of sugar at ₹ 25 per kg
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Answer:
(a) A towel at Rs 50
Sales tax = 5%
Cost including sales tax =
=
So, Cost of towel including sales tax is Rs. 52.5
(b) Two bars of soap at Rs 35 each
Cost of 1 bar = Rs.35
Cost of 2 bars =
Sales tax = 5%
Cost including sales tax =
=
So, Cost of 2 bars of soap including sales tax is Rs. 73.5
(c) 5 kg of flour at Rs 15 per kg
Cost of 1 kg of sugar = Rs.15
Cost of 5 kg of sugar =
Sales tax = 5%
Cost including sales tax =
=
So, Cost of 5 kg of flour including sales tax is Rs. 78.75
Step-by-step explanation:
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