Question

a torist buys an article at 15% discount on the marked price and he pays 13% VAT if the amount that torist gets back while leaving nepal is Rs 442 find the marked price and selling price with VAT

Answer 1

Answer:

Let market price be M, then the price of the article =M(1-15/100)=0.85M

He pays 13% vat

He pays 0.85M×0.13

This amount he gets back

0.85×0.13M =442

M=442/(0.85×0.13)=4420000/(85×13)

=260000/(5×13)

=20000/5

=4000