Question

Renu purchased a car with a market price of P at a discount of r%. If the goods and services tax is charged at the rate of R%, find the amount Renu had to pay for purchasing the car. (a) P= 2,20,000, r = 4%, R = 6%.​

Answer 1

Step-by-step explanation:

Amount paid by Renu = 220000 × 0.96 × 1.06

= 223872

Answer 2

Answer:

Given,

Cost of the radio is = Rs 2568

VAT = 7%

Let the reduced price of the radio after discount be Rs x.

Then,

VAT = 7% of x = Rs 7x/100

So, SP = Rs (x+7x/100) = Rs 107x/100

It is given that the selling price should be Rs 2568

107x/100 = 2568

107x = 2568 × 100

x = 256800/107

= 2400

Reduced price of the radio after discount = Rs 2400

∴ Reduction needed in the price of the radio is Rs (2568 – 2400) = Rs 168