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 + $\frac{20 \times 100}{500}$

= ₹ (500 + 100)

= ₹ 600

$∴$ Total amount to be paid = ₹ 600

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