Question

if 1% of VAT is included in the price find the original price of the diamond which amount is 10100​

Answer 1

Step-by-step explanation:

SP with VAT=Rs 10100

VAT%=1%

Now,

SP=SP with VAT- VAT% of SP

or,SP=10100-1%×SP

or,SP=10100-(1/100)×SP

or,SP=10100-SP/100

or,SP=(1010000-SP)/100

or,100SP=1010000-SP

or,100SP+SP=1010000

or,101SP=1010000

or,SP=1010000/101

or,SP=10000

Hence,SP=Rs 10000

Therefore, the original price of the diamond is Rs 10000.