wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Amit purchases a motorcycle, having marked price Rs. 46000 at a discount of 5%. If VAT is charged at the rate of 10%, find the amount Amit has paid to purchase the motorcycle. [4 MARKS]

Open in App
Solution

Concept : 1 Mark
Application : 1 Mark
Calculation : 2 Marks

Marked price of motorcycle = Rs 46000

Discount =5% of Rs 46000
=Rs(5100×46000)=Rs 2300

Net price of motorcycle = Rs. 46000 - Rs. 2300 = Rs. 43700

VAT =10% of Rs 43700=Rs(10100×43700)=Rs 4370

S.P. of motorcycle = Rs (43700 + 4370) = Rs 48070

Hence, Amit has paid Rs 48070 to purchase the motorcycle.

flag
Suggest Corrections
thumbs-up
35
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Sales Tax and Value Added Tax
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon