Lakshmi brought a dress for rupees 5,000 that include a VAT of 12.36%. Find the amount of VAT and the prices of the dress before the tax was added.
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Answer:
CP = 4450, VAT = 550
Step-by-step explanation:
Let the actual price = x
Therefore x + 12.36% of x = 5000
x + 0.1236x = 5000
1.1236x = 5000
x = 4449.98 or 4500
Cost of dress = 4450 and VAT = 0.1236 * 4450 = 550
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