Q. 134.7( 3 Votes )
Manoj buys a leather coat costing Rs. 900 at Rs. 990 after paying the VAT. Calaulate the rate of VAT chaged on the coat.
Answer :
Given,
Let the rate of VAT = x%
So,
VAT = 900
According to the question,
= 900 + 9x = 990
= 9x = 90
= x = 10
Hence,
Manoj was charged 10% VAT on leather jacket.
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PREVIOUSAjit buys a motorcycle for Rs. 17600 including value added tax. If the rate of VAT is 10%, what is the sale price of the motorcycle?NEXTRakesh goes to a departmental store and purchases the following articles :(i) biscuits and bakery products costing Rs. 50, VAT @ 5%(ii) medicine costing Rs.90, VAT @ 10%(iii) clothes costing Rs. 400, VAT @ 1% and(iv) cosmetics costing Rs. 150, VAT @ 10%.Calculate the total amount to be paid by Rakesh to the store.
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Sarita buys goods worth Rs. 5500. She gets a rebate of 5% on it. After getting the rebate if VAT at the rate of 5% is charged, find the amount she will have to pay for the goods.
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