Question

http://prntscr.com/72v9tk
@perl

Answer 1

what does VAT stand for?

Answer 2

Value Added Tax

Answer 3

I need help with part ii

Answer 4

Explain in detail T_T

Answer 5

The shopkeeper buys the washing machine from the wholesaler at a 20% discount of the printed price (this is 80% of the printed price).
18000 * .80 = 14400

The shopkeeper sells it at 10% discount (this is 90% of the listed price).
18 000 * .90 = 16200

Answer 6

I didn't understand

Answer 7

I have been given this formula
Printed Price(1 + rate of sales tax/100) = Price Paid
For discount
Printed Price(1 - rate of discount) (1 + rate of sales tax/100)

Answer 8

@perl

Answer 9

How much tax did the shopkeeper pay when he bought it from the wholesaler ?

Answer 10

shopkeeper buys from wholesaler
18000 ( 1 - .20 ) = price= 14400
18000(1-.20) ( .08) = tax = 1152

he sold it for
18000( 1- .10) = price = 16200
18000( 1- .10)(.08) = tax = 1296

Answer 11

I think there is clash with your method and mine

Answer 12

VA = 1296 - 1152

Answer 13

the total amount the consumer pays is 16200 + 1296

Answer 14

did you get 144 for VAT ?

Answer 15

Actually,VAT has been delete for my batch

Answer 16

Total Amount I got is 17,496

Answer 17

deleted of the portion**

Answer 18

Thanks,
Can you help in Matrix now?

Answer 19

ok