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Marked price of an article is Rs. 1000. What is the selling price with 13% VAT?


Marked price of an article is Rs. 1000. What is the selling price with 13% VAT? ​-example-1

1 Answer

2 votes

Answer:

The selling price is Rs. 1130

Explanation:

If the marked price of the article is Rs. 1000

And there is a 13% VAT on it.

The cost of the VAT will be

(13/100)*1000 = 13*10

= Rs. 130

The selling price = marked price + VAT

= Rs. 1000 + Rs. 130

= Rs. 1130

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