The market price of an item is Rs. 6000. The dealer allows discount of 4% on cash payment . If the rate of tax is 12% . Find the amount customer has to pay the dealer in case to purchase it.
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Step-by-step explanation:
Selling price of item (excluding VAT) = Rs. 6000;
Amount of VAT at 7% = 6000*7/100 = 420
Final selling price of Item including the VAT = 6000+420 = 6420;
Now dealer is allow 4% discount on case purchase;
Total discount at 4% is = 4*6420/100 = 256.8;
Amount has to pay by customer = 6420 - 256.8 = Rs. 6163.2
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