Question

What would be the bill amount of an article costing

Rs.350. if 15% VAT is levied after a discount of 20%?

plz put your bank account number also if answer is right money of $10 will be send ​

Answer 1

$322

Explanation:

Given parameters:

Cost price = Rs. 350

VAT = 15%

Discount = 20%

Unknown:

Bill amount = ?

Solution:

Since the discount was first applied to the cost price, let us find the now discounted price of the article;

Discount = percent discount x cost price

Discount =
`(20)/(100)` x 350 = $70

So, new selling price = $350 - $70 = $280

Now, the VAT is 15%;

So, VAT amount =
`(15)/(100)` x 280 = $42

The bill amount = $280 + $42 = $322