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

Rajat goes to a departmental store and buys the following articles:
Item Price per item Rate of VAT
2 Pairs of shoes
1Sewing machine
2 Tea-sets
Rs 800
Rs 1500
Rs 650
5%
6%
4%
Calculate the total amount he has to pay to the store.

Open in App
Solution

Given,CP of 2 pair of shoes=Rs. 800×2=Rs. 1600Rate of VAT=5%So, VAT=5% of Rs. 1600=5100×1600=Rs. 80.Therefore, the amount Rajat needs to pay for 2 pair of shoes=Rs. 1600+80=Rs.1680Again,CP of 1 sewing machine=Rs. 1500Rate of VAT=6%So, VAT=6% of Rs. 1500=6100×1500=Rs. 90.Therefore, the amount Rajat needs to pay for 1 sewing machine=Rs. 1500+90=Rs.1590Given,CP of 2 tea-sets=Rs. 650×2=Rs. 1300Rate of VAT=4%So, VAT=4% of Rs. 1300=4100×1300=Rs. 52Therefore, the amount Rajat needs to pay for 2 tea-sets=Rs. 1300+52=Rs. 1352Thus, the total amount Rajat needs to pay=Rs. 1680+1590+1352=Rs. 4622

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Accounting Equation 1
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon