The marked price of a laptop is Rs.75000. Allowing 15% discount and including the same percentage of VAT the laptop is sold. Find the cost that has to pay by the customer and the VAT amount.
1 Answer
Given,
Marked price = Rs. 75000
Discount percent = 15%
VAT percent = 15%
To find, SP with VAT and amount of VAT
By formula,
Selling price (SP) = MP - discount % of MP
= Rs.75000-15% of Rs.75000
= Rs. 75000 - (15/100) x Rs. 75000
= Rs. 75000 - Rs. 11250
= Rs. 63750
Again,
Amount of VAT = VAT % of SP
= 15% of Rs.63750
= (15/100) x Rs. 63750
= Rs. 9562.50
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