Question

4. An article is available for? 1.650 inclusive of 10% VAT. Find the list price. What will be its price if the as
VAT changes to 12%?​

Answer 1

Step-by-step explanation:

Solution:

Given,

Aman bought a shirt for = Rs 374.50

VAT = 7%

Let the list price of the shirt be = Rs x

VAT at the rate of 7% on Rs x = Rs 7/100 × x = Rs 7x/100

So, the list price of the shirt = Rs (x + 7x/100) = Rs 107x/100

It is given that shirt is bought at the price of Rs 374.50

∴ 107x/100 = 374.50

x = (374.50×100)/107

= 350

∴ List price of the shirt is Rs 350

Answer 2

Answer:

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