Question

Calculate the price with VAT of the following case.

MP=Rs.400000
profit=Rs.20000
Discount=10%
VAT=13%
​

Answer 1

Answer: $427140

Explanation:

Firstly, we'll add MP to the profit and this will be:

= Rs 400000 + Rs 20000

= Rs 420000

Since there is a discount of 10%, this will then be:

= 420000 - (10% × 420000)

= 420000 - 42000

= $378000

With a VAT of 13%, then the final price will be:

= $378000 + (13% × $378000)

= $378000 + (0.13 × $378000)

= $378000 + $49140

= $427140