A shopkeeper buys a camera at a discount of 20% from a wholesaler. The

1.	A shopkeeper buys a camera at a discount of 20% from a wholesaler. The printed price of the camera is Rs. 1600 and the rate of sales tax is 6%. The shopkeeper sells it to a 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.
Answer» A shopkeeper buys a camera at a discount of 20% from a wholesaler. The printed price of the camera is Rs. 1600 and the rate of sales tax is 6%. The shopkeeper sells it to a 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.

A shopkeeper buys a camera at a discount of 20% from a wholesaler. The printed price of the camera is Rs. 1600 and the rate of sales tax is 6%. The shopkeeper sells it to a 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.

Answer»

A shopkeeper buys a camera at a discount of 20% from a wholesaler. The printed price of the camera is Rs. 1600 and the rate of sales tax is 6%. The shopkeeper sells it to a 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.

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