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A shopkeeper buys a camera at a discount of 20% from the wholesaler, the printed price of the camera being Rs 1,600 and the rate of sales tax is 6%. The shopkeeper sells it to the buyer at the printed price and charges tax at the same rate. Find : (i) The price at which the camera can be bought (ii) The VAT (Value Added Tax) paid by the shopkeeper. [4 MARKS] |
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Answer» A shopkeeper buys a camera at a discount of 20% from the wholesaler, the printed price of the camera being Rs 1,600 and the rate of sales tax is 6%. The shopkeeper sells it to the buyer at the printed price and charges tax at the same rate. Find : (i) The price at which the camera can be bought (ii) The VAT (Value Added Tax) paid by the shopkeeper. [4 MARKS] |
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