Amit purchases a motorcycle, having marked price Rs 46000 at a discount of 5%. If VAT is charged at the rate of 10%, find the amount Amit has paid to purchase the motocycle.

Explanation

Marked price of Motorcycle `= Rs 46000`
Discount offered `= 5 %`
`5 %` Discount `= (5/100) xx 46000 = Rs 2300`
Selling Price after discount` = 46000 - 2300= Rs 43700`
`10%` VAT `= (10/100) xx 43700 = Rs 4370`
Selling Price including VAT` = 43700 + 4370= 48070`