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Question

Rakesh goes to a departmental store and purchases the following articles:
(i) biscuits and bakery products costing Rs 50, VAT @ 5%,
(ii) medicines costing Rs 90, VAT @ 10%,
(iii) clothes costing Rs 400, VAT @ 1%, and
(iv) cosmetics costing Rs 150, VAT @ 10%.
Calculate the total amount to be paid by Rakesh to the store.

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Solution

(i) Cost of biscuits and bakery products=Rs. 50VAT charged=5%So, VAT=5% of Rs. 50=5100×50=Rs. 2.50So, the total amount paid for biscuits and bakery products=Rs. 50+2.50=Rs. 52.50(ii) Cost of medicine=Rs. 90VAT charged=10%So, VAT=10% of Rs. 90=10100×90=Rs. 9So, the total amount paid for medicines=Rs. 90+9=Rs. 99(iii) Cost of clothes=Rs. 400VAT charged=1%So, VAT=1% of Rs. 400=1100×400=Rs. 4So, the total amount paid for clothes=Rs. 400+4=Rs. 404(iv) Cost of cosmetics=Rs. 150VAT charged=10%So, VAT=10% of Rs. 150=10100×150=Rs. 15So, the total amount paid for cosmetics=Rs. 150+15=Rs. 165Hence, the total amount Rakesh paid at the departmental store=Rs.52.50+99+404+165=Rs. 720.50

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