Question

What is the price of an.
article costing Rs 2000 after
levying 13% Value Added Tax?find it.
Ans :2260​

Answer 1

Step-by-step explanation:

cost of an article=2000

tax=13% of 2000=13/100*200=260

total value=2000+260=2260

Answer 2

Given: Cost price of an article = Rs. 2,000

           Rate of Value added tax = 13%

To find: Price of the article after levying VAT

Solution: According to the given question,

Cost Price = Rs. 2,000

VAT = 13%

Since, VAT is levied on Cost Price,

∴ $Value \ added \ tax = 13$ % of Cost Price

⇒ $VAT = \frac{13}{100} \ * \ 2,000 = Rs. \ 260$

Now, Price of article = Cost Price + VAT

⇒ Rs. 2,000 + Rs. 260 = Rs. 2,260

Hence, price of the article is Rs. 2,260 and VAT = Rs. 260.