Question

a table is sold at ₹4815 incusive for7% vat what is the cost of the table before vat is added ​

Answer 1

Answer:

• Selling Price of the Table = Rs. 4815

• VAT% = 7%

• Cost Price before adding VAT = ?

Formula: Selling Price = Cost Price + VAT

Let us assume the Cost Price to be Rs. x

⇒ Rs. 4815 = Rs. x + 7% of x

⇒ Rs. 4815 = x + ( 7/100 ) × x

⇒ Rs. 4815 = x + 0.07x

⇒ Rs. 4815 = 1.07x

⇒ x = Rs. 4815 / 1.07

⇒ x = Rs. 4500

Therefore the Cost price of the Table before adding VAT was Rs. 4500.

Answer 2

Step-by-step explanation:

cost of the table is 4815

vat = 7%

7÷100*4815=337.05

4815 minus 337.05= 4487.95