Math, asked by thefrostking107, 7 months ago

An article is available for ₹ 1,430 inclusive of 10 % VAT. Find the list price. What will be its price if the rate of VAT changes to 12 %?

Answers

Answered by Anonymous
7

Solution :

Suppose that list price of the article be Rs x

Rate of VAT = 10%

VAT = RS ( 10/100 × x)

= RS x/100

selling price of article

= Rs ( x + x/100 )

= 11x/10

the given selling price of the article is Rs 1430

11x/10 = 1430

x = 1430 × 11/10

x = 1300

now list price of the article

= 1300

VAT = 12% of 1300

VAT = 12/100 × 1300

VAT = 156

New selling price

= Rs 1300 + 156

= Rs 1456

Extra information :

Gain = SP - CP

loss = CP - SP

Gain % = gain x 100/CP

Loss % = loss x 100/CP

SP = (100 + gain %) x CP/100

CP = (100 - loss%) x CP/100

Discount % = Discount x 100/market price

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