Question

An article was purchased for Rs. 5400 including 8% Vat. Find the selling price of the article if VAT charged was 12%.
​

Answer 1

Answer:

Rs.5600

Step-by-step explanation:

Selling Price = Rs.5400

Rate of VAT = 8%

=> (100+8)% of MP = SP

=> 108% of MP = 5400

=> 108/100 × MP = 5400

=> MP = 5400 × 25/27

=> MP = Rs.5000

New VAT = 12% of MP = 12/100 × 5000 = Rs.600

Selling Price = Rs.(5000+600) = Rs.5600

Answer 2

₹5600 is the right answer

hope it helps you