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ICSE Class 10 Answered

The printed price of an article is ₹60000.The wholesaler allows a discount 20% to the shopkeeper . The shopkeeper sells the article to the customer at the printed price sales tax (under VAT) is charged at the rate 6% every stage . Find: 1) the cost to the shopkeeper inclusive of tax . 2) VAT paid by the shopkeeper to the government. 3) the cost to the customer inclusive of tax.  
Asked by vedikagupta72224 | 12 Feb, 2018, 01:19: PM
answered-by-expert Expert Answer
begin mathsize 16px style Marked space price space of space an space article equals Rs. space 60000 discount space equals space 20 over 100 cross times space 60000 equals Rs. space 12000 Sale space price space of space article space for space wholeseller equals 60000 minus 12000 Sale space price space of space article space for space wholeseller equals cost space price space of space article space for space shopkeeper equals Rs. space 48000 Tax space paid space by space shopkeeper equals 6 over 100 cross times 48000 space equals Rs. space 2880 sale space price space of space shopkeeper equals space Rs. space 60000 Tax space taken space by space shopkeeper equals 6 over 100 cross times 60000 equals Rs. space 3600 VAT space paid space by space shopkeeper space to space government equals 3600 minus 2880 equals Rs. space 720 Sale space price space of space shopkeeper equals Rs. space 60000 Sale space price space of space shopkeeper equals cost space price space for space the space customer equals Rs. space 60000 end style
Answered by Sneha shidid | 12 Feb, 2018, 02:30: PM
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