Question

5. A cycle worth 800 is bought by Abhinav. The VAT is charged at the rate of 12.5%. Find the cost
price of the cycle.​

Answer 1

Step-by-step explanation:

cycle price including VAT is =800

VAT charge at rate of =12.5%.

cost of cycle = ?

so. first we will find 12.5%=how much

so.

12.5

_______. ×800

100

12.5×8=100

so will. Maine's 100 from 800 so will get

800-100=700

the cost price of cycle is 700