Question
Cost price of an item is ₹ 500. VAT charged is 20% of the cost price. The bill to be paid is
Cost price of an item is ₹ 500. VAT charged is 20% of the cost price. The bill to be paid is
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Solution
The correct option is C ₹600
VAT = 20% of 500 = 20100×500 = ₹ 100
∴ Total amount to be paid
= ₹ (500 + 100)
= ₹ 600
VAT = 20% of 500 = 20100×500 = ₹ 100
∴ Total amount to be paid
= ₹ (500 + 100)
= ₹ 600
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