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A shopkeeper buys a camera at a discount of 20% from the wholesaler, the printed price of the camera being ₹ 1600 and rate of sales tax is 6 %. The shopkeeper sells it to the buyer at the printed price and charges sales tax at the same rate. Find i) the price at which the camera can be bought ii) the VAT ( Value Added Tax) paid by the shopkeeper |
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Answer» A shopkeeper buys a camera at a discount of 20% from the wholesaler, the printed price of the camera being ₹ 1600 and rate of sales tax is 6 %. The shopkeeper sells it to the buyer at the printed price and charges sales tax at the same rate. Find i) the price at which the camera can be bought ii) the VAT ( Value Added Tax) paid by the shopkeeper |
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