George bought a VCR at the list price of Rs. 18,500. If the rate of VAT was 8% then the amount he had to pay for purchasing the VCR is
The correct option is A: Rs. 19980
List price =Rs. 18500
VAT =8%
Money paid as VAT =8% of 18500 [VAT is paid on list or purchasing price]
=8100×18500=Rs. 1480
Total amount he had to pay =Rs. (18500+1480)=Rs. 19980