The list price of a refrigerator is Rs. 9700. If a value added tax of $6 %$ is to be chared on it, how much one has to pay to buy the refrigerator?

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Solution

List price of refrigerator = Rs. 9700
Rate of VAT $= 6 %$
$∴$ Amount of VAT $= R s . \frac{9700 \times 6}{10} = R s . 582$
$∴$ Total price to be paid = Rs. 976 - Rs. 582
$= R s . 10282$

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The list price of a refrigerator is Rs. 9700. If a value added tax of 6% is to be chared on it, how much one has to pay to buy the refrigerator?

List price of refrigerator = Rs. 9700 Rate of VAT =6% ∴ Amount of VAT =Rs.9700×610=Rs.582 ∴ Total price to be paid = Rs. 976 - Rs. 582 =Rs.10282

The list price of a refrigerator is Rs. 9700. If a value added tax of $6 %$ is to be chared on it, how much one has to pay to buy the refrigerator?

List price of refrigerator = Rs. 9700
Rate of VAT $= 6 %$
$∴$ Amount of VAT $= R s . \frac{9700 \times 6}{10} = R s . 582$
$∴$ Total price to be paid = Rs. 976 - Rs. 582
$= R s . 10282$