The original price of a room heater was Rs 3500. Find its buying price if 10% VAT was charged on it. Also find the amount of tax charged.
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Answer:
₹3850 is the buying price. Tax is ₹350
Step-by-step explanation:
₹3500+10%=₹3500+₹350(tax)=₹3850
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Given - Original price
Find - Tax and buying price
Solution - The buying price is Rupees 3850 and the tax amount is Rupees 350
Firstly calculate the amount of tax charged. The tax is 10% on the original amount. Representing this in mathematical expression, we get -
Tax amount = 3500*10%
Tax amount = Rupees 350
Now, the buying price will be the original amount + tax amount.
Buying price = 3500 + 350
Buying price = Rupees 3850
So, the buying price is Rupees 3850 and the tax amount is Rupees 350
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