Question

A product is updated with 20% VAT after a cost price of ₹ 500. Find the bill to be paid in ___ .

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Solution

Given, Original Price = ₹ 500 VAT = 20% Original Price + VAT = Bill amount Bill amount = ₹ 500 + 20% of ₹ 500 = ₹ 500 + 20 × 100500 = ₹ (500 + 100) = ₹ 600 ∴ Total amount to be paid = ₹ 600

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