After allowing 10% discount and levying 13% VAT . The value of mobile is 15255. find the marked price of mobile phone ?
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Let say Marked price of the Watch = M Rs
Discount = 20 %
Discount = (20/100)M = 0.2M Rs
Price after Discount = M - 0.2M = Rs 0.8M
13 % Value added tax
=> VAT = (13/100) * 0.8M = 0.104M Rs
Value of Watch = 0.8M + 0.104M = 0.904M Rs
0.904M = 904
=> M = 1000
Marked Price of Watch = Rs 1000
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