Question

The price of a cycle after allowing 15% discount and 13% VAT is Rs.19,323. Find the amount of VAT levied and marked price.​

Answer 1

Rs. 18936.54

Explanation:

Given data

Discount=15%

VAT= 13%

Amount paid= Rs.19,323

The amount of VAT

=13/100*19323

=0.13*19323

= Rs. 2511.99

The amount of discount

=15/100*19323

=0.15*19323

= Rs.2898.45

The marked price is

=19323+2511.99-2898.45

=21834.99-2898.45

=Rs. 18936.54