Question

A camera is available for 1391 inclusive of VAT @ 7%. Find its orginal price. What will be its price if the rate of VAT changes to 12%?

Answer 1

Answer:

1391*7/100 = 97.37

cost price = 1391 - 97.37

cost price = 1293.63

now vat charges = 12%

1293.63*12/100 = 155.23

now original price = 1293.63 + 155.23 = 1448.86

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Answer 2

Answer:

It is given that

Total price of TV including VAT =Rs.13500

Rate of VAT =8%

We know that

Original price of TV =(13500×100)/(100+8)

By further calculation

=(13500×100)/108

=Rs.12500