An article is available for 1430 inclusive of 10% VAT. Find the list price. What will be its price if the rate of VAT changes to 12%?
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Answer:
Let C.P. be Rs x
∴ S.P. =x+12% of x
=100112x=2528x
∴2528x+10%of 2528x=616
⇒x=Rs 500
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