A shopkeeper bought a TV at a discount of the listed price of Rs. 24000. The shopkeeper offers a discount of 10% on the listed price to his customer. If the VAT is 10%, find :
(i) the amount paid by the customer.
(ii) the VAT to be paid by the shopkeeper.

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Solution

$M . P = 1600$
$T a x % = 6 %$
$d % = 20 %$
C.P for shopkeeper = $1600 - 20 %$ of $1600$
$= 1600 - 320 = 1280$
Tax paid = $6 %$ of $1280 = 76.8$
S.P. for shopkeeper = C.P for buyer = M.P. = 1600 (without tax)
With Tax C.P. for buyer = $1600 + 6 %$ of $1600$
$= 1600 + 96 = 1696$
VAT paid by shopkeeper = Tax charged - Tax charged paid
$= 96 - 76.8 = 19.2$ .

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A shopkeeper bought a TV at a discount of the listed price of Rs. 24000. The shopkeeper offers a discount of 10% on the listed price to his customer. If the VAT is 10%, find : (i) the amount paid by the customer. (ii) the VAT to be paid by the shopkeeper.

A shopkeeper bought a TV at a discount of the listed price of Rs. 24000. The shopkeeper offers a discount of 10% on the listed price to his customer. If the VAT is 10%, find :
(i) the amount paid by the customer.
(ii) the VAT to be paid by the shopkeeper.