Ask a Doubt
Request a call back

Join NOW to get access to exclusive study material for best results

ICSE Class 7 Answered

A shopkeeper buys a camera at a discount of 20 percentfrom the wholesaler .the MP=1600 and rate of sakes tax is 6 prcnt.shopkeeper sekls it to buyer at MP and charges tax at same rate.find 
Price at which camera can be bought
2 VAT
Asked by lovemaan5500 | 18 Nov, 2017, 05:22: PM
answered-by-expert Expert Answer
begin mathsize 16px style Printed space price space equals space Rs. space 1600 Discount space equals space 20 percent sign Cost space price space of space the space Camera space for space the space shopkeeper equals 80 over 100 cross times 1600 equals Rs. space 1280 Sales space tax space paid space by space shopkeeper equals 6 over 100 cross times 1280 equals Rs. space 76.80 Cost space price space for space the space buyer equals Rs. space 1600 Sales space tax space paid space by space the space buyer equals 6 over 100 cross times 1600 equals Rs. space 96 left parenthesis straight i right parenthesis Price space at space which space camera space can space be space bought equals Cost space price space for space the space buyer space plus space Sales space tax equals 1600 plus 96 equals Rs. space 1696 left parenthesis ii right parenthesis VAT space paid space by space shopkeeper equals Sales space tax space charged space by space shopkeeper space minus space Sales space tax space paid space by space shopkeeper equals 96 space minus space 76.80 equals Rs. space 19.20 end style
Answered by Sneha shidid | 18 Nov, 2017, 09:14: PM
Multiple Choice Questions Practice Test
My Class Videos Tests ₹ Plans Ask a Doubt
Get Latest Study Material for Academic year 24-25 Click here
×