Question

Rakesh goes to a departmental store and purchases the following articles:
c) biscuits and bakery products costing Rs 50, VAT @ 5%.
(ii) medicines costing Rs 90, VAT @ 10%.
(ii) clothes costing Rs 400, VAT @ 1%, and
(iv) cosmetics costing Rs 150, VAT @ 10%.
Calculate the total amount to be paid by Rakesh to the store .​

Answer 1

Given :- Rakesh goes to a departmental store and purchases the following articles:

(i) biscuits and bakery products costing Rs 50, VAT @ 5%.

(ii) medicines costing Rs 90, VAT @ 10%.

(iii) clothes costing Rs 400, VAT @ 1%, and

(iv) cosmetics costing Rs 150, VAT @ 10%.

To Find :-

• Calculate the total amount to be paid by Rakesh to the store . ?

Solution :-

(i) biscuits and bakery products costing Rs 50, VAT @ 5%.

So,

→ CP = Rs.50

→ VAT = 5% .

→ SP = {CP * (100 + VAT%)}/100 = {50 * (100 + 5)}/100 = (50 * 105)/100 = Rs.52.5 .

(ii) medicines costing Rs 90, VAT @ 10%.

So,

→ CP = Rs.90

→ VAT = 10% .

→ SP = {CP * (100 + VAT%)}/100 = {90 * (100 + 10)}/100 = (90 * 110)/100 = Rs.99 .

(iii) clothes costing Rs 400, VAT @ 1% .

So,

→ CP = Rs.400

→ VAT = 1% .

→ SP = {CP * (100 + VAT%)}/100 = {400 * (100 + 1)}/100 = (400 * 101)/100 = Rs.404 .

(iv) cosmetics costing Rs 150, VAT @ 10%.

So,

→ CP = Rs.150

→ VAT = 10% .

→ SP = {CP * (100 + VAT%)}/100 = {150 * (100 + 10)}/100 = (150 * 110)/100 = Rs.165 .

Therefore,

→ The total amount to be paid by Rakesh to the store = 52.5 + 99 + 404 + 165 = Rs.720.5 (Ans.)

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Answer 2

Step-by-step explanation:

We have,

Cost of biscuits and bakery products = Rs 50

VAT = 5%

So, rate of VAT = 5% of 50 = 5/100 × 50 = Rs 2.50

Amount paid for biscuits and bakery products = Rs (50+2.50) =Rs 52.50

(ii) We have,

Cost of medicine = Rs 90

VAT = 10%

So, rate of VAT = 10% of 90 = 10/100 × 90 = Rs 9

Amount paid for medicines = Rs (90+9) =Rs 99

(iii) We have,

Cost of clothes = Rs 400

VAT = 1%

So, rate of VAT = 1% of 400 = 1/100 × 400 = Rs 4

Amount paid for clothes = Rs (400+4) = Rs 404

(iv) We have,

Cost of cosmetics = Rs 150

VAT = 10%

So, rate of VAT = 10% of 150 = 10/100 × 150 = Rs 15

Amount paid for the cosmetics is = Rs (150+15) = Rs 165

∴ Total amount Rakesh paid at departmental store = Rs (52.50+99+404+165) =Rs 720.50