raianju26
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Ms.Dolma is a shopkeeper . She brought 10 mobile sets at the rate of Rs.20,000 each· If she got a 10% discount on the mobile set and 13%VAT was leived on it.
a.what is the actual selling price of a mobile set including V.A.T.
b.If, she deposits the same amount as S.P excluding V.A.T.what's simple interest in 1 year if bank provides 12%.interest of the amount annually.​

Respuesta :

rvkacademic

Answer:

a) Final selling price of a mobile set with VAT = Rs. 18,080

b) For 1 mobile set the interest is Rs. 1920

Note:
For 20 mobile sets interest is Rs. 38,400 (it is not clear if we are talking about 20 or 1 set. I think it is for 1 set so use 1920 as answer to b)

Step-by-step explanation:

The original selling price of each mobile set = Rs. 20,000

There is a discount of 10% on each set

Total discount in money terms = 20,000 x 20%
= 20,000 x 20/100
= Rs. 4,000

Net selling price = 20,000 - 4,000 = Rs. 16,000

VAT is applied at rate of 13%

Final selling price including VAT
= 16,000 + 16,000 x 13%
= 16,000 + 2,080

= Rs. 18,080

a) Actual selling price of a mobile set = Rs. 18,080

b) Actual SP of mobile set without VAT = 16,000
If deposited in a bank for 1 year at 12% interest we would get an interest
= 16,000 x 12%

= 16,000 x 12/100

= Rs 1,920

This is for 1 mobile set of cours

For all 20 mobile sets the interest would be 1920 x 20 = Rs38,400

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