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

+1 vote
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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

+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

Rs. 4.762

95.238 + 4.762 = 100

+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.

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Two Friends, Sohan and Costubh,
are about to have lunch in a small village.
When a stranger approaches them,
The stranger tells them that he has no food,
But would be happy to pay them if they can share some of theirs.
The two agree.
Sohan has 5 loaves of bread and Costubh has 3.
They divide the bread equally among the three of them.
After they finish the meal,
the stranger puts 8 coins of equal value on the table in payment.
How should the coins be divided,
so that each friend is fairly compensated for the bread that he shared ?