Question

Sabin Electronics Enterprises bought a television for Rs 16000 and sold at a profit of 20% to a customer with 13% vat How much did the customer pay for the television?

Answer 1

Answer: To find out how much the customer paid for the television, we need to calculate the selling price, including both the profit and the VAT.

Calculate the profit amount:

Profit = 20% of the cost price

Profit = 20/100 * Rs 16000

Profit = Rs 3200

Calculate the selling price:

Selling price = Cost price + Profit

Selling price = Rs 16000 + Rs 3200

Selling price = Rs 19200

Calculate the VAT amount:

VAT = 13% of the selling price

VAT = 13/100 * Rs 19200

VAT = Rs 2496

Calculate the total amount paid by the customer:

Total amount paid by the customer = Selling price + VAT

Total amount paid by the customer = Rs 19200 + Rs 2496

Total amount paid by the customer = Rs 21796

So, the customer paid Rs 21796 for the television.