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If a product is sold for ₹500 and the VAT rate is 5%, what is the total amount paid by the customer?
  • a)
    ₹580
  • b)
    ₹600
  • c)
    ₹525
  • d)
    ₹550
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
If a product is sold for ₹500 and the VAT rate is 5%, what is the tota...
Tax = (5/100) × ₹500 = ₹25. Total amount = Selling Price + Tax = ₹500 + ₹25 = ₹525. This calculation is important for businesses to ensure accurate pricing for customers.
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If a product is sold for ₹500 and the VAT rate is 5%, what is the total amount paid by the customer?a) ₹580b) ₹600c) ₹525d) ₹550Correct answer is option 'C'. Can you explain this answer? for Class 8 2026 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about If a product is sold for ₹500 and the VAT rate is 5%, what is the total amount paid by the customer?a) ₹580b) ₹600c) ₹525d) ₹550Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 8 2026 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for If a product is sold for ₹500 and the VAT rate is 5%, what is the total amount paid by the customer?a) ₹580b) ₹600c) ₹525d) ₹550Correct answer is option 'C'. Can you explain this answer?.
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