SOLUTION: A shopkeeper bought a washing machine at a discount of 20% from a wholesaler, the printed price of the washing machine being rs .18000. The shopkeeper sells it to customer at a dis

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Question 1073356: A shopkeeper bought a washing machine at a discount of 20% from a wholesaler, the printed price of the washing machine being rs .18000. The shopkeeper sells it to customer at a discount of 0% on the printed price . If the rate of VAT is 8% , find
i) VAT paid by the shopkeeper.
ii) The total amount that the customer pays for the washing machine.


Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
The shopkeeper paid a 20% discount, or 80% of the printed price. So:
i)VAT paid by shopkeeper=.8 x 18000=14400 x .08= rs. 1152
ii)Price paid by customer=18000 x 1.08= rs. 19440 ☺☺☺☺