Question

find the vat on 2500Rs @8%​

Answer 1

Answer:

Printed price=Rs.2500

Discount Rate =30%

Price after discount=2500-30%  of 2500

⇒2500−10030×2500

⇒2500−750=Rs.1750

Rate of sales tax=8%

∴Tax paid by the shopkeeper=8% of 1750

=1008×1750=Rs.140

The shopkeeper sells the article to customer at printed price .

Printed price=Rs.2500

Rate of sales tax=8%

∴Tax paid by the customer=8% of 2500

⇒1008×2500=Rs.200

VAT=Tax paid by the customer-Tax paid by the Shopkeeper

VAT=200−140=Rs.60