Question

A tourist buys an article at 15% discount on the
marked price and he pays 5% VAT. If the VAT amounts to
Rs.850, find the marked price and the selling price including the
VAT.
​

Answer 1

Answer:

MRP=12000

SP=17850

Step-by-step explanation:

Given,

Discount=15%

5% Vat If the Vat amounts to Rs 850

VAT is imposed on CP which will be list price

100% is CP

105% is list price including VAT

list pirce is SP

if 5%=850

 105%=17850

we know Discount will be given on MRP

(100-Discount)%*MRP=SP

(100-15)%*MRP=17850

MRP=12000