an article was purchased for rs. 18700 including 10% vat. find sp
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Answered by
13
hello....
Purchase price is 18700 (including VAT)
VAT is 10% of the price.
Since VAT is included in price... that is why..
18700 × 10 / 110 = 1700
Hence VAT is 1700
Selling Price = 18700 - 1700
=17000
hope it helps
#jerri
Purchase price is 18700 (including VAT)
VAT is 10% of the price.
Since VAT is included in price... that is why..
18700 × 10 / 110 = 1700
Hence VAT is 1700
Selling Price = 18700 - 1700
=17000
hope it helps
#jerri
Answered by
10
this is the solution
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