A shopkeeper bought a TV at a discount of 30% of the listed price of R

1.	A shopkeeper bought a TV at a discount of 30% of the listed price of Rs 24,000. The shopkeeper offer a discount of 10% of the listed price to the customer. If the VAT is 10%. Find (i) the amount paid by the customer. (ii) the VAT to be paid by the shopkeeper.
Answer» Selling price of the shopkeeper = 70% of 24,000 = \(\frac{70}{100}\) × 24,000 = 16,800 100 Selling price of the customer = 90% of 24,000 = \(\frac{90}{100}\) × 24000 = 21600 Amount paid by the customer = 21600 + 10% of 21600 = 21600 + \(\frac{10}{100}\) × 21600 = 21600 + 2160 = 23760 ∴ Vat is 10% (21600 – 16800) = \(\frac{10}{100}\) × 4800 = Rs 480

A shopkeeper bought a TV at a discount of 30% of the listed price of Rs 24,000. The shopkeeper offer a discount of 10% of the listed price to the customer. If the VAT is 10%. Find (i) the amount paid by the customer. (ii) the VAT to be paid by the shopkeeper.

Answer»

Selling price of the shopkeeper = 70% of 24,000

= \(\frac{70}{100}\) × 24,000 = 16,800

100 Selling price of the customer = 90% of 24,000

= \(\frac{90}{100}\) × 24000 = 21600

Amount paid by the customer = 21600 + 10% of 21600

= 21600 + \(\frac{10}{100}\) × 21600 = 21600 + 2160 = 23760

∴ Vat is 10% (21600 – 16800)

= \(\frac{10}{100}\) × 4800 = Rs 480