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13. Profit, Loss, Discount and Value Added Tax (VAT)
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Q16 of 70 Page 13

Sunita purchases a bicycle for Rs. 660. She has paid a VAT of 10%. Find the list price of the bicycle?

Given,


Rate of VAT = 10%


Cost of bicycle = Rs.660


Let sale price of bicycle = Rs.X


So,


=


=


Hence,


List price of bicycle = Rs.600


More from this chapter

All 70 →
14

Rakesh 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.

15

Rajeeta purchased a set of cosmetics. She paid Rs. 165 for it including VAT. If the rate of VAT is 10%, find the sale price of the set.

17

The sales price of a television, inclusive of VAT, is Rs. 13,500. If VAT is charged at the rate of 8% of the list price, find the list price of the television.

18

Shikha purchased a car with a marked price of Rs. 210000 at a discount of 5%. If VAT is charged at the rate of 10%, find the amount Shikha had paid for purchasing the car.

Questions · 70
13. Profit, Loss, Discount and Value Added Tax (VAT)
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