Answer :
The actual selling price of the cosmetic item that she sells is Rs 6215.
What are the required formulae for finding the actual selling price?
The actual selling price with a discount percentage and percentage of VAT is as follows:
Selling price S.P = Marked Price ± Discount (+ ve if above or - ve if below)
Discount = Discount% of the marked price
VAT = VAT% of S.P
Actual selling price = S.P + VAT
Calculation:
The given marked price is Rs 4400.
Discount% = 25% and VAT% = 13%
Finding Discount:
Discount = 25% of the marked price = 25% of Rs 4,400
= (25 × 4400)/100
= 1100
Finding Selling price S.P:
S.P = Marked price + Discount(since it is above)
= 4400 + 1100
= 5500
Finding VAT:
VAT = VAT% of S.P
= 13% of 5500
= 715
Finding actual selling price:
Actual selling price = S.P + VAT
⇒ 5500 + 715 = 6215
∴ Mrs. Lama sells the cosmetic item at a selling price of Rs 6215.
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