Q10 of 28 Page 125

I purchased a hair-dryer for Rs 5,400 including 8% VAT. Find the price before VAT was added.

C.P. = Rs.5,400 and Rate of VAT = 8%

Let C.P. without VAT is Rs. 100, then price including VAT = 100 + 8 = Rs.108


∵ When price including VAT is Rs.108, then original price = Rs.100


∴ When price including VAT is Rs.1, then original price =


∴ When price including VAT is Rs.5400, then original price = = Rs.5000


More from this chapter

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8

The price of a TV is Rs 13,000. The sales tax charged on it is at the rate of 12%. Find the amount that Vinod will have to pay if he buys it.

 9

Arun bought a pair of skates at a sale where the discount given was 20%. If the amount he pays is Rs 1,600, find the marked price.

 1

Calculate the amount and compound interest on

(a) Rs 10,800 for 3 years at per annum compounded annually.


(b) Rs 18,000 for years at 10% per annum compounded annually.


(c) Rs 62,500 for years at 8% per annum compounded half yearly.


(d) Rs 8,000 for 1 year at 9% per annum compounded half yearly.


(You could use the year by year calculation using SI formula to verify).


(e) Rs 10,000 for 1 year at 8% per annum compounded half yearly.

 2

Kamala borrowed Rs 26,400 from a Bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?