Shikha purchased a car with a marked price of Rs. 210000 at a discount of $5 % .$ If VAT is charged at the rate of $10 %,$ find the amount Shikha had paid for purchasing the car.

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Rs.2164926

Rs.216450

Rs.298450

Rs.297350

answer is D.

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Detailed Solution

Given marked price=Rs.210000,
Discount of marked price = 5% ,
Rate of value added tax = 10%.
We know,

Marked price × Rate of dicount 100 = Rs .210000 × 5 100 ⇒ Rs .1050000 100 ⇒ Rs .10500

Therefore,

Cost of the car price = Marked price − Discount price ⇒ Rs .210000 − Rs .10500 ⇒ Rs .199500

Amount of value added tax = Cost price × Rate of value added tax 100 ⇒ Rs .199500 × 10 100 Cost price = Rs .199500 ⇒ Rs .1995000 100 ⇒ Rs .19950

The total amount for purchasing the car =Rs.199500+Rs.19950

⇒

Rs.219450
Hence, the amount that Shikha had paid for purchasing the car is Rs.216450.
Therefore, option (4) is correct.

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