Question

Mukesh purchases a T- shirt at MRP Rs. 500/- from a showroom and payes 12.5% VAT at the MRP. Total amount paid by mukesh is 
1) Rs. 562/-
2) Rs. 550/- 
3) Rs. 600/- 
4) Rs. 580/-

Answer 1

I think its simple:
12.5% of 500 + 500
((12.5*500)/100) + 500
62.5 + 500
562.5

So answer is 1)Rs. 562/-

Answer 2

so the VAT = 12.5 %

so 500 x 12.5 / 100 = Rs 62.5

so total cost = 500 + 62.5 = Rs 562.5 ≈ Rs 562

So 1) Rs 562/- ANSWER