Sarita buys goods worth Rs. 5,500. She gets a rebate of 5% on it. After getting the rebate if VAT at the rate of 5% is charged, find the amount she will have to pay for the goods.
Price of goods = Rs. 5,500
Rate of rebate =5%
∴ Sales price after rebate
=Rs.5,500×(100−5)100=5,500×95100
=Rs.5,225
Rate of VAT =5%
∴ Amount of VAT
=Rs.5,225×5100=Rs.26,125100=261.25
∴ to be paid after paying VAT
=Rs.5,225+261.25=Rs.5486.25