Price of a television is 14000 inclusive of vat. If the rate of vat is 12 % then find the basic price of television.
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Price of tv inc vat- 14000
Rate of vat - 12%
Price of tv excluding vat= 14000*100/112
=12500
Rate of vat - 12%
Price of tv excluding vat= 14000*100/112
=12500
Answered by
1
Including vat it is 112% so for basic price it is 14000*100/112=12500
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