Question

Rohit goes to a department store with his list and purchases the following articles .hence calculate the amount.
(i) bakery products costing Rs 60 VAT @ 5%
(ii) medicines costing Rs 90 Vat @ 10%
(iii) clothes costing Rs 450 VAT @ 2%
(iv) cosmetic costing Rs 200 VAT @ 10%​

Answer 1

Answer:

(i) 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 720.50Read more on Sarthaks.com - https://www.sarthaks.com/669394/rakesh-departmental-store-purchases-following-articles-biscuits-bakery-products-costing?show=669403#a669403