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Question
List price of a washing machine is Rs 9000. If the dealer allows a discount of 5% on the cash payment, how much money will a customer pay to the dealer in cash, if the rate of VAT is 10%?
Answer in Brief
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Solution
\[\text { List price of the washing machine = Rs } . 9000\]
\[\text { Discount allowed = 5 % }\]
\[\text { Discount = 5 % of Rs } . 9000\]
\[ = \frac{5}{100} \times 9000 = \text { Rs }. 450\]
\[\text { So, the cost of the washing machine = List price - Discount }\]
\[ =\text { Rs } . (9000 - 450)\]
\[ =\text { Rs } . 8550\]
\[\text { VAT = 10 % of Rs } . 8550\]
\[ = \frac{10}{100} \times 8550\]
\[ = Rs . 855\]
\[\text { Thus, the customer has to pay = Rs } . \left( 8550 + 855 \right) = Rs . 9405\]
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