Question

on a grinder there is a discount of 10% . if the rate of vat is 12% and the customer paid ₹8064, what was the market price of the grinder​

Answer 1

Answer:

let the market price is X rs

now..

• after vat the price

$= x(1 + \frac{12}{100} ) \\ = \frac{112x}{100}$

• after discount the selling price is

$= > \frac{112x}{100} ( 1- \frac{10}{100} ) = 8064 \\ = > x = \frac{80640000}{112 \times 90 } \\ = > x = 8000 \: \: rs$

so the market price of the grinder was 8000 rs