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How much worth chocolate should he buy so that he can accommodate it in Rs 100 ?

+1 vote

Rohit went to buy some expensive, foreign chocolates. He only had Rs 100 with him. When he reached the shop, he got to know that on those chocolates, there was a 15% import duty and 5% VAT.

How much worth chocolate should he buy so that he can accommodate it in Rs 100 ?

posted Aug 10, 2015 by Rahul Vaidya

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2 Answers

+1 vote

If the VAT is added on the base price + Import Duty then

He would be able to buy chocolates worth Rs. 82.816

82.816 + Import Duty @ 15% Rs.12.422 = 95.238

Add 5% VAT on 95.238
Rs. 4.762

95.238 + 4.762 = 100

answer Jun 29, 2016 by Anup Desai
+1 vote

Let us start with goods worth 100. Add 15% import duty it becomes 115. Add 5% VAT it becomes 120.75. So if we have 120.75, we get chocos worth 100. By ratio proportion If we have 100 we get chocos worth 100*100/120.75 i.e. 82.816 which is same as that of Mr. Anup Desai but we should explain how the figure of 82.816 has been arrived at.

answer Dec 30, 2016 by Kewal Panesar

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