Question

Lakshmi brought a dress for rupees 5,000 that included a VAT of 12.30 6%. Find the amount of VAT and the actual price of the dress before the text was added .​

Answer 1

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