The selling price of a mobile set is Rs 5650. Ir 13% VAT is imposed on it, find: 1. VAT amount. ii. the amount that a customer pays to buy it.
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Answer:
MRP=12000
SP=17850
Step-by-step explanation:
Given,
Discount=15%
5% Vat If the Vat amounts to Rs 850
VAT is imposed on CP which will be list price
100% is CP
105% is list price including VAT
list pirce is SP
if 5%=850
105%=17850
we know Discount will be given on MRP
(100-Discount)%*MRP=SP
(100-15)%*MRP=17850
MRP=12000
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