Shikha purchased a car with a marked price of RS 210000 at a discount of 5%. If VAT is charged at the rate of 10%, find the amount Shikha had paid for purchasing the car.

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Solution

$Marked price o f t h e c a r = Rs . 2, 10, 000 D iscount a l l o w e d = 5 % T h e r e f o r e, d i s c o u n t = 5 % of Rs . 2, 10, 000 = \frac{5}{100} \times 2, 10, 000 = Rs . 10, 500 S o, S hikha get s a d i s c o u n t o f Rs . 10, 500 . T h e r e f o r e, c ost of t h e car will be = Marked price - D iscount Rs . (2, 10, 000 - 10, 500) = Rs . 1, 99, 500 VA T = 10 % of 1, 99, 500 = \frac{10}{100} \times 199500 = Rs . 19, 950 Thus, t h e a mount paid by Shikha to purchase the car = Rs . (1, 99, 500 + 19, 950) = Rs . 2, 19, 450$

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