Question

Aparna brought a gold bracelet for $Rs.37450$ for $7\%VAT$. Find the selling price of the bracelet.

Answer 1

Given that,

Cost price of the gold bracelet$=Rs.37450$.

$VAT=7$ of $37450$ =$\frac{37450\times 7}{100}=\frac{3745\times 7}{10}=\frac{26215}{10}=2621.5$

Selling price of the gold bracelet$=Rs.37450+2621.5$.

=$=Rs.40071.5$

Hence, this is the answer.