Question

The price of an object with 13% value added tax is Rs.5,763. What will be the value added tax amount ? Find it.​

Answer 1

Answer:

749.19

Step-by-step explanation:

13-100, 5763

749.91

Answer 2

Given: Price of an object with 13% value added tax = Rs. 5,763

To find: Value added tax amount

Let: List price of the object be $x$

Solution: According to the given question,

Value Added Tax (VAT) = 13% (of list price)

Price with VAT = Rs. 5,763

∵ $List \ price + VAT = Price \ of \ the \ object$

⇒ $x + \frac{13x}{100} = 5,763$

⇒ $\frac{113x}{100} = 5763$

⇒ $113x = 5763 \ * \ 100 = 576300$

⇒ $x = \frac{576300}{113} = 5100$

i.e., list price of the object = Rs. 5,100

Now, VAT = $\frac{13}{100} \ * \ 5100 = Rs. \ 663$

Hence, value added tax amount is Rs. 663.