Problem on value added tax
Vikram bought a watch for Rs.825. if his amount includes 10% VAT on the list prices .what was the list price of the watch?
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hello
given. question
Vikram bought a watch for Rs.825. if his amount includes 10% VAT on the list prices .what was the list price of the watch?
to. find.
what was the list price of the watch?
solusion ⬇️
Given,
Vikram bought watch for = Rs 825
VAT = 10%
Let the list price of the watch be = Rs x
VAT at the rate of 10% on Rs x = Rs 10/100 × x = Rs x/10
So, the list price of the watch = Rs (x + x/10) = Rs 11x/10
It is given that watch is bought at the price of Rs 825
∴ 11x/10 = 825
x = (825×10)/11
= 750
∴ List price of the watch is Rs 750
hope. it's. helps. you. ✔️
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