Question

The marked prize of a bicycle is Rs 5550. What will the prize of a bicycle if the 15% VAT was leived allowing 10% discont on it?​

Answer 1

Rs 5,744.25

Explanation:

The computation of the prize of a bicycle in the case when there is a 10% discount and 15% VAT is applied is shown below:

= Market price - discount + Vat applied

= Rs 5,550 - Rs 5,550 × 10% + 15% of the amount

= Rs 5,550 - Rs 555 + 15% of the amount

= Rs 4,995 + Rs 4,995 × 15%

= Rs 4,995 + 749.25

= Rs 5,744.25