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Question
Rani purchases a pair of shoes whose sale price is Rs 175. If she pays VAT at the rate of 7%, how much amount does she poy as VAT? Also, find the net value of the pair of shoes.
Solution
\[\text { Given }, \]
\[\text { SP of the pair of shoes = Rs } . 175\]
\[\text { VAT = 7 % } \]
\[\text { Therefore, VAT = 7 % of Rs } . 175\]
\[ = \frac{7}{100} \times 175\]
\[ = Rs . 12 . 25\]
\[\text { So, Rani has to pay Rs . 12 . 25 as VAT } . \]
\[\text { The net value of the pair of shoes = Rs }. 175 + Rs . 12 . 25\]
\[ =\text { Rs }. 187 . 25\]
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