a customer paid RS 16800 purchase a colour TV if this include VAT @12% determine the market price of the TV. what will be the new selling price if the vat changed to 10%. step by step
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Let the MP be x
a/q
x+12%x=16800
x+12x/100=16800
100x+12x/100=16800
112x/100=16800
x=16800×100/112
x=15000
MP is Rs.15000
New SP- Mp+Vat
=15000+10/100×15000
=15000+1500
=16500
New SP is Rs.16500
a/q
x+12%x=16800
x+12x/100=16800
100x+12x/100=16800
112x/100=16800
x=16800×100/112
x=15000
MP is Rs.15000
New SP- Mp+Vat
=15000+10/100×15000
=15000+1500
=16500
New SP is Rs.16500
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