priya bought a suitcase for rs 8400. theVATfor this item was 5%. what was the price of the suitcase beforeVATwas added? also, state how much the VAT was?
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total cost equalp to 8400
vat equal to 8400×5 by 100 than obtained 420
vat equal to 420 cost price before vat equal to 8400- 420= 7980
coat Price before vat are 7890
vat equal to 8400×5 by 100 than obtained 420
vat equal to 420 cost price before vat equal to 8400- 420= 7980
coat Price before vat are 7890
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Answer:
bought suitcase of Rs 8400
Rate of VAT is 5%
let price before VAT =rs x
VAT = 5/100×x=5x/100
VAT = 5/100×x=5x/100price + VAT = SP
VAT = 5/100×x=5x/100price + VAT = SPx+5x/100=8400
VAT = 5/100×x=5x/100price + VAT = SPx+5x/100=8400100x+5x/100 = 8400
VAT = 5/100×x=5x/100price + VAT = SPx+5x/100=8400100x+5x/100 = 8400105x/100 =8400
VAT = 5/100×x=5x/100price + VAT = SPx+5x/100=8400100x+5x/100 = 8400105x/100 =8400x =8400 ×100 / 105
VAT = 5/100×x=5x/100price + VAT = SPx+5x/100=8400100x+5x/100 = 8400105x/100 =8400x =8400 ×100 / 105x = 840000 / 105
VAT = 5/100×x=5x/100price + VAT = SPx+5x/100=8400100x+5x/100 = 8400105x/100 =8400x =8400 ×100 / 105x = 840000 / 105x = rs 8000
VAT = 5/100×x=5x/100price + VAT = SPx+5x/100=8400100x+5x/100 = 8400105x/100 =8400x =8400 ×100 / 105x = 840000 / 105x = rs 8000hence , rs 8000 is the price before VAT added
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