the price of an article is rupees 9350 which includes VAT at 10% .Find how much less a customer pays for the article ,if the VAT on the article decreases by 3%
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If an article's price is 9350 including 10%VAT
Then the selling price of the article is equal to
(110/100)SP is equal to 9350
Then SP is equal to 8500
If VAT is decreased by 3% which is equal to 7%
Then customers have to pay is equal to
8500+(7/100)8500 is equal to 8500+595
which is equal to 9095 rupees
Then the selling price of the article is equal to
(110/100)SP is equal to 9350
Then SP is equal to 8500
If VAT is decreased by 3% which is equal to 7%
Then customers have to pay is equal to
8500+(7/100)8500 is equal to 8500+595
which is equal to 9095 rupees
soumyasripain:
thnx
it's very helpfull
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