Question

saloni bought a pan at list price of rs 18400 .If the rate. of VAT was 8% . find the amount she had to pay for pan​

Answer 1

★ Provided Question ★

Saloni bought a pan at list price of rs 18400 .If the rate of VAT was 8% . Find the amount she had to pay for pan.

★ Required Answer ★

Given:

• C.P of the pan $\longrightarrow$ Rs 18,400

• Rate of VAT $\longrightarrow$ 8%

To calculate:

• Amount she had to pay for pan.

Calculation:

According to the question:

Amount she had to pay for pan = C.P of the pan + VAT

VAT = 8% of Rs 18,400

$\rm {\longrightarrow \dfrac{8}{100} \times 18,400 }$

$\rm { \longrightarrow \dfrac{8}{1\cancel{00}} \times 18,4\cancel{00} }$

$\rm { \longrightarrow 8 \times 184 }$

$\rm { \longrightarrow 1472 }$

So, there was VAT of Rs 1472.

Therefore, Amount she had to pay for pan = $\rm { 18,400 + 1472 }$

$\rm { \longrightarrow Rs \: 19,872 }$ $\red { \bigstar }$

Therefore, the amount she had to pay for pan$\rm { \longrightarrow Rs \: 19,872 }$.

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★ Points to remember ★

• C.P (Cost price) is the amount the object bought by the person.

• S.P (selling price) is the amount the object sold by the shopkeeper.

• If there is any tax or VAT or any overheads, it is added in the Cost Price to calculate the total price bought by the person.

• If CP > SP then there is loss. [ Loss = CP-SP]

• If SP > CP then there is profit. [ Profit = SP-CP]

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