A shopkeeper bought a TV at a discount of $30 %$ of the listed price Rs 24,000. The shopkeeper offers a discount of $10 %$ of the listed price to his customer. If the VAT (Value Added Tax) is $10 %$ . Find:
(i) The amount paid by the customer
(ii) The VAT to be paid by the shopkeeper.
[3 MARKS]

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Solution

Formula: 1 Mark
Steps: 1 Mark
Answer: 1 Mark

Discount offered to shopkeeper = 30% of Rs 24,000
C.P. for shopkeeper = Rs 24,000 - (30% for Rs 24,000)
$= R s 24, 000 - R s (\frac{30}{100} \times 24, 000)$
= Rs 24,000 - Rs 7,200
Discount offered to customer = 10% of Rs 24,000
$= R s \frac{10}{100} \times 24, 000$
= Rs 2,400
$∴$ SP of shopkeeper = Rs 24000 - Rs 2,400 = Rs 21,600
Since, rate of VAT is 10%.
$∴$ Tax paid by customer = 10% of Rs 21,600 = Rs 2,160
(i) The amount paid by customer
= S.P. + Tax
= Rs 21,600 + Rs 2,160
= Rs 23,760
(ii) Proft of shopkeeper = Rs 21,600 - Rs 16,800
= Rs 4,800
VAT paid by shopkeeper = 10% of Rs 4,800
= Rs 480.

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A shopkeeper bought a TV at a discount of 30% of the listed price Rs 24,000. The shopkeeper offers a discount of 10% of the listed price to his customer. If the VAT (Value Added Tax) is 10%. Find: (i) The amount paid by the customer (ii) The VAT to be paid by the shopkeeper. [3 MARKS]

A shopkeeper bought a TV at a discount of $30 %$ of the listed price Rs 24,000. The shopkeeper offers a discount of $10 %$ of the listed price to his customer. If the VAT (Value Added Tax) is $10 %$ . Find:
(i) The amount paid by the customer
(ii) The VAT to be paid by the shopkeeper.
[3 MARKS]