an article was purchased for rs. 18700 including 10% vat. find sp
Answers
Answered by
13
Data:
Total amount of an article = Rs. 18700
VAT = 10 %
Sale Price = S.P = ?
Solution:
Let S.P be Rs. x
Then,
S.P = 18700 - (10 % of 18700)
S.P = 18700 - (0.1 x 18700)
S.P = 18700 - 1870
S.P = Rs. 16830
This is the required answer.
Thanks.
Total amount of an article = Rs. 18700
VAT = 10 %
Sale Price = S.P = ?
Solution:
Let S.P be Rs. x
Then,
S.P = 18700 - (10 % of 18700)
S.P = 18700 - (0.1 x 18700)
S.P = 18700 - 1870
S.P = Rs. 16830
This is the required answer.
Thanks.
Golda:
VAT is already included in the price of the article (Rs. 18700) and you are computing VAT on 18700. You cannot compute 10 % on 18700 when VAT is already added in it.
Answered by
13
Solution :-
There is a mistake in this question. You are asking about selling price of the article. Please remember that 10 % is included in the price of the article and Rs. 18700 is the selling price of the article.
I think, you are asking about price of the article excluding VAT.
Price of the article including VAT = Rs. 18700
VAT = 10 %
Let the price of the article before VAT be Rs. x
⇒ x + (x*10)/100 = 18700
⇒ x + x/10 = 18700
⇒ Taking LCM and then solving it.
⇒ (10x + x)/10 = 18700
⇒ 11x = 18700*10
⇒ x = 187000/11
⇒ x = 17000
So, the price of the article before VAT is Rs. 17000
Answer.
There is a mistake in this question. You are asking about selling price of the article. Please remember that 10 % is included in the price of the article and Rs. 18700 is the selling price of the article.
I think, you are asking about price of the article excluding VAT.
Price of the article including VAT = Rs. 18700
VAT = 10 %
Let the price of the article before VAT be Rs. x
⇒ x + (x*10)/100 = 18700
⇒ x + x/10 = 18700
⇒ Taking LCM and then solving it.
⇒ (10x + x)/10 = 18700
⇒ 11x = 18700*10
⇒ x = 187000/11
⇒ x = 17000
So, the price of the article before VAT is Rs. 17000
Answer.
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