A camera is available for 1391 inclusive of VAT 7%. Find its original price. What will be
its price if the rate of VAT changes to 12%.
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let O.P = 100%
VAT = 7%
S.P =100 + 7 = 107%
107% = 1391
1% = 13
100% = 1300
O.P of camera = 1300
new VAT(value added tax) = 12%
new VAT(value added tax) = 12%new price of camera will be
= 1300 + 12% of 1300
= 1300 + 156 = Rs1456
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