Cost price of an item is ₹ 500. VAT charged is 20% of the cost price. The bill to be paid is

₹200

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₹650

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₹600

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₹520

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Solution

The correct option is C ₹600
VAT = 20% of 500 = $\frac{20}{100} \times 500$ = ₹ 100

∴ Total amount to be paid
= ₹ (500 + 100)
= ₹ 600

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