Question

The marked price of a bicycle is Rs 2000. If the shopkeeper allows some discount and a customer

bought it for Rs 1921 including 13% VAT, how much amount was given as the discount?

Answer 1

Discount amount = $328.73

Explanation:

Below is the calculation for the discount amount:

The marked price of bicycle = 2000

Purchase price = Rs 1921

VAT = 13%

First find the purchase price excluding VAT = 1921 - (13% of 1921) = 1671.27

Discount amount = 2000 - 1671.27

Discount amount = $328.73