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Question
The printed price of an air conditioner is Rs. 45000/-. The wholesaler allows a discount of 10%
to the shopkeeper. The shopkeeper sells the article to the customer at a discount of 5% of the
marked price. Sales tax (under VAT) is charged at the rate of 12% at every stage. Find:
1) VAT paid by the shopkeeper to the government
2) The total amount paid by the customer inclusive of tax.
Solution
1) Printed price of an air conditioner =Rs. 45000
Discount =10%
∴ C.P. οf the air conditioner = Rs.`(45000xx(100-10))/100`
= Rs `(45000 xx 90)/100`
= Rs 40500
VAT(12%) = `40500 xx 12/100` = Rs 4860
So, the shopkeeper paid VAT of Rs. 4860 to the government.
2) Discount =5%of the marked price
∴ C.P. οf the air conditioner= Rs `(45000xx(100-5))/100`
= Rs `(45000xx95)/100`
= Rs 42750
VAT (12%) = `42750 xx 12/100 = Rs 5130`
So, the total amount paid by the customer inclusive of tax
=Rs. 42750 + Rs.5130
= Rs.47880
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