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The Printed Price of an Air Conditioner is Rs. 45000/-. the Wholesaler Allows a Discount of 10% to the Shopkeeper. the Shopkeeper Sells the Article to the Customer at a Discount of 5% of the Marked Price. Sales Tax (Under Vat) is Charged at the Rate of 12% at Every Stage. Find - ICSE Class 10 - Mathematics

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Question

The printed price of an air conditioner is Rs. 45000/-. The wholesaler allows a discount of 10%
to the shopkeeper. The shopkeeper sells the article to the customer at a discount of 5% of the
marked price. Sales tax (under VAT) is charged at the rate of 12% at every stage. Find:

1) VAT paid by the shopkeeper to the government

2) The total amount paid by the customer inclusive of tax.

Solution

1) Printed price of an air conditioner =Rs. 45000

Discount =10%

∴ C.P. οf the air conditioner = Rs.`(45000xx(100-10))/100`

= Rs `(45000 xx 90)/100`

= Rs 40500

VAT(12%) = `40500 xx 12/100` = Rs 4860

So, the shopkeeper paid VAT of Rs. 4860 to the government.

2) Discount =5%of the marked price

∴ C.P. οf the air conditioner= Rs `(45000xx(100-5))/100`

= Rs `(45000xx95)/100`

= Rs  42750

VAT (12%) = `42750 xx 12/100 = Rs 5130`

So, the total amount paid by the customer inclusive of tax

=Rs. 42750 + Rs.5130

= Rs.47880

  Is there an error in this question or solution?

APPEARS IN

 2016-2017 (March) (with solutions)
Question 8.3 | 4.00 marks

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Solution The Printed Price of an Air Conditioner is Rs. 45000/-. the Wholesaler Allows a Discount of 10% to the Shopkeeper. the Shopkeeper Sells the Article to the Customer at a Discount of 5% of the Marked Price. Sales Tax (Under Vat) is Charged at the Rate of 12% at Every Stage. Find Concept: Introduction to Sales Tax and Value Added Tax.
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