a blazer is marked in a shop for RS 1250. Rate of vat is 7%.additional tells the shopkeeper to lower the rate to an extent that she has to pay nothing more than RS 1250 include vat .find the reduction required.
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let x be the required Sp
sp+7%sp=1250
x+7x/100=1250
107x/100=1250
x= 1250×100/107
x=1168.225
Required Sp/reduced rate-Rs.1168.225
sp+7%sp=1250
x+7x/100=1250
107x/100=1250
x= 1250×100/107
x=1168.225
Required Sp/reduced rate-Rs.1168.225
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