Question

Lakshmi virat address for 5000 that included a VAT of 12.36%. find the amount of VAT and the actual price of the dress before the tax was added​

Answer 1

hye

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Rehana purchased a dress for rupee 5,400 including 8% vat

=> selling price was 5400 including 8% vat

so it a profit for the shopkeeper

so we have to find the cost price

=> lets recall a formula

=> cost price = $\frac{s.p *100}{100 +profit}$

=$\frac{5400*100}{108}$

= 50 *100

= 5000 rs

∴cost price is 5000 rs without vat%

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hope it helps u...........