the marked price of an item is ru 6000 the dealer allows a discount of 4 percent on cash payment. if the rate of VAT is 7 percent find the amount a customer has to pay to the dealer in cash to purchase it
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1
Answer:
The dealer allows a discount of 4% on cash payment. If the rate of tax is 12%, find the amount the customer has to pay to the dealer in cash to purchase it. Answer is 6451.2 rupees.
Answered by
1
Answer:
Rs. 6126
Step-by-step explanation:
.Selling price of item (excluding VAT) = Rs. 6000;
Amount of VAT at 8% = 6000*8/100 = 480
Final selling price of Item including the VAT = 6000+480 = 6480;
Now dealer is allow 5% discount on case purchase;
Total discount at 5% is = 5*6480/100 = 324;
Amount has to pay by customer = 6480- 334 = Rs6126.
hope this will help you
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