Question

6.(a) A laptop was bought at Canadian $ 770. If the tax of 20% and 13% VAT should be paid, find the least selling price of it in Nepali rupee that prevents the shopkeeper from loss?​

Answer 1

The LEAST selling price of the laptop should be ;

$1024.1 in other to avoid loss.

Price of laptop = $770

Tax = 20%

VAT = 13%

TO avoid loss ;

both the VAT percentage and TAX must be added to the price of the laptop:

Total percentage = VAT + TAX = (20 + 13) = 33%

THEREFORE, Least selling price should be :

Price of laptop * (1 + 33%)

770 * 1.33

= $1024.1

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