Question

if VAT 5% included in the price ,find the original price of a pressure cooker bill amount is 2940 rupees

Answer 1

VAT % = 5%
Price = 2940
Original price = Price- 5% of Price = 2940 - 2940*5/100 =2940 - 147 = 2793

Answer 2

Answer:

Rs.2800

Step-by-step explanation:

Given : Cooker bill amount is 2940 rupees

To Find : if VAT 5% included in the price ,find the original price of a pressure cooker .

Solution:

Let the original price be x

Vat = 5%

Vat amount = $\frac{5}{100}x=0.05x$

So, Price including VAT = x+0.05x=1.05x

Cooker bill amount is 2940 rupees

So, $1.05x=2940$

$x=\frac{2940}{1.05}$

$x=2800$

Hence the original price of pressure cooker is Rs.2800