Rakesh goes to a departmental store and purchases the following articles :
(i) biscuits and bakery products costing Rs. 50, VAT @ 5%
(ii) medicine costing Rs.90, VAT @ 10%
(iii) clothes costing Rs. 400, VAT @ 1% and
(iv) cosmetics costing Rs. 150, VAT @ 10%.
Calculate the total amount to be paid by Rakesh to the store.
(i) Given,
Cost of biscuits and bakery products = Rs. 50
VAT = 5%
So, VAT = 5% of 50 =
Total amount paid for biscuits and bakery products = Rs.(50+2.50) =Rs.52.50
(ii) Given,
Cost of medicine = Rs.90
VAT = 10%
So, VAT = 10% of 90 =
Total amount paid for medicines = Rs.(90+9) =Rs.99
(iii) Given,
Cost of clothes = Rs.400
VAT = 1%
So, VAT = 1% of 400 =
Total amount paid for clothes = Rs.(400+4) = Rs.404
(iv) Given,
Cost of cosmetics = Rs.150
VAT = 10%
So, VAT = 10% of 150 =
Total amount paid for cosmetics = Rs(150+15) = Rs.165
Hence,
Total amount Rakesh paid at departmental store = Rs.(52.50+99+404+165) =Rs.720.50