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A Shopkeeper Bought a Tv at a Discount of 30% of the Listed Price of ₹ 24000. the Shopkeeper Offers a Discount of 10% of the Listed Price to His Customer. If the Vat (Value Added Tax) - Mathematics

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Question

A shopkeeper bought a TV at a discount of 30% of the listed price of ₹ 24000. The shopkeeper offers a discount of 10% of the listed price to his customer. If the VAT (Value Added Tax) is 10%, find the amount paid by the customer, the VAT to be paid by the shopkeeper.

Sum

Solution

List price = ₹ 24000
Discount = 30%
S.P.

= `24000 - 30/100 xx 24000`
= ₹24000 - ₹7200
= ₹16800
VAT

= `₹16800 xx (10)/(100)`
= ₹1680
S.P. to customer

= `₹24000 - 24000 xx (10)/(100)`
= ₹24000 - ₹2400
= ₹21600
VAT

= `(10)/(100) xx 21600`
= ₹2160
(i) Amount paid by customer
= ₹ 21600 + ₹ 2160
= ₹ 23760
(ii) Total VAT to be paid by shopkeeper
= ₹ 2160 – ₹ 1680
= ₹ 480.

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Chapter 1: Value Added Tax - Exercise 1.1

APPEARS IN

ML Aggarwal Understanding ICSE Mathematics [English] Class 10
Chapter 1 Value Added Tax
Exercise 1.1 | Q 6

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