Calculating Final Price with Discount and VAT
This problem requires calculating the final selling price after applying a discount and then adding Value Added Tax (VAT).
Step 1: Calculate the Discount Amount
The marked price is Rs. 1600, and there is a 25% discount.
Discount Amount = 25% of Rs. 1600
Discount Amount = $ \frac{25}{100} \times 1600 $
Discount Amount = $ 0.25 \times 1600 = 400 $
The discount amount is Rs. 400.
Step 2: Calculate the Discounted Price
The discounted price is the marked price minus the discount amount.
Discounted Price = Marked Price - Discount Amount
Discounted Price = Rs. 1600 - Rs. 400
Discounted Price = Rs. 1200
Step 3: Calculate the VAT Amount
VAT is charged at 5% on the discounted price.
VAT Amount = 5% of Discounted Price
VAT Amount = $ \frac{5}{100} \times 1200 $
VAT Amount = $ 0.05 \times 1200 = 60 $
The VAT amount is Rs. 60.
Step 4: Calculate the Final Amount Paid
The final amount paid is the discounted price plus the VAT amount.
Final Amount = Discounted Price + VAT Amount
Final Amount = Rs. 1200 + Rs. 60
Final Amount = Rs. 1260
Therefore, the final amount paid is Rs. 1260.
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Important Questions from Discount and MP
A single discount equivalent to two successive discounts of 15% and 25% is:
Ramesh purchases 75 articles for ₹ 10800 and sells them at a loss equal to the selling price of 5 articles. What will be the selling price of one article?
A TV was available for Rs. 14,500. The price came down to Rs. 11,890 during the Diwali sale. What is the percentage discount?
A shopkeeper marks the marked price of an article 30% more than its real price and offers 10% discount. What is the gain percentage?
An article was sold for Rs. 1,215 after giving a discount of 19%. If a discount of 17.5% is given, then for how much (in Rs.) should the article be sold?
