Question

The cost price of an electric fan is Rs. 2800. If the shopkeeper marks its price 30℅ above the cost price and sells it at 10℅ discount, how much should a customer pay for it with 15℅ VAT?

Answer 1

The customer will pay along with VAT = Rs 3767.4

Explanation:

Cost price of an electric fan = 2800

Pirce after 30% above the cost price = 2800 + (30% of 2800 = 3640

Selling price after 10% discount = 3640 - (10% of 3640) = 3276

Now 15% VAT = 3276 x 15%

15% VAT = 491.4

The customer will pay along with VAT = 3276 + 491.4

The customer will pay along with VAT = Rs 3767.4