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ICSE Class 7 Answered

<div>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&nbsp;</div> <div>Price at which camera can be bought</div> <div>2 VAT</div>
Asked by lovemaan5500 | 18 Nov, 2017, 05:22: PM
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
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