What is the cash payment of a article costing RS.2020 allowing a discount of Rs.20 and levying 13% VAT?
1 answer:
The cash payment for the article is RS. 2,260.
A discount reduces the price of an item. The article becomes cheaper after the discount.
Cost of the article after the RS. 20 discount = RS. 2020 - 20 = RS 2000
VAT means value added tax. VAT increases the price of an item. The cost of the article increases by 13% after the VAT is levied,
Cost of the article = (100 + 13%) x 2000
1.13 x 2000 = RS 2,260.
To learn more about taxes, please check: brainly.com/question/25311567
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