The marked price of an article is Rs 10,000. If there is 15% discount and 13% VAT on it. Find the discount amount, VAT amount and price to be paid.
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Answer:
rs 1500 rs 1300 rs 9800
the discount amount is rs 10000 x 15% = rs 1500
the amount of vat is rs 10000 x 13% = rs 1300
the amount of money to be paid is
rs 10000 - rs 1500 + rs 1300 = rs 9800
( vat refers to the amount of money paid by the consumer )
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