Question

The marked price of a camera is offered during a sale. Find the amount to be paid for the camera

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Answer 1

Answer:

A shopkeeper buys a camera at a discount of 20% from the wholesaler, the printed price of the camera being Rs. 1,600 and the rate of sales tax is 6%. The shopkeeper sells it to the buyer at the printed price and charges tax at the same rate. Find:

(i) the price at which the camera can be bought from the shopkeeper

(ii) the VAT (Value Added Tax) paid by the shopkeeperanswr

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Comparing Quantities

Sales Tax

A shopkeeper buys a camera ...

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Asked on December 26, 2019 by

Sudeep Jasim

A shopkeeper buys a camera at a discount of 20% from the wholesaler, the printed price of the camera being Rs. 1,600 and the rate of sales tax is 6%. The shopkeeper sells it to the buyer at the printed price and charges tax at the same rate. Find:

(i) the price at which the camera can be bought from the shopkeeper

(ii) the VAT (Value Added Tax) paid by the shopkeeper.

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ANSWER

Printed price=Rs.1600

Discount=20%

Discount price=20% of 1600=

100

20

×1600=Rs.320

Price of camera after discount=1600−320=Rs.1280

rate of sales tax=6%

∴Tax paid by the shopkeeper=

100

6

×1280=Rs.76.80

Shopkeeper Sell it at printed price to the buyer=Rs.1600

Tax paid by the buyer=

100

6

×1600=Rs.96

(i)The price at which the camera can be bought from the shopkeeper=1600+96=Rs.1696

(ii)VAT=tax paid by the buyer-tax paid by the shopkeeper

VAT=96−76.80=Rs.19.20