Question :-
Sunita purchased a bicycle for Rs. 660 including VAT. If rate of VAT is 10%. Find the price of bicycle before VAT was added.
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Question :-
→ Sunita purchased a bicycle for Rs. 660
including VAT. If rate of VAT is 10%.
Find the price of bicycle before VAT
was added.
Given :-
→ Cost Price = Rs. 660
( including VAT )
→ Rate of VAT = 10 %
To Find :-
→ The price of bicycle before VAT was added.
Solution :-
→ Let the sale price of bicycle be x
→ VAT charged was = 10 %
→ Cost price of bicycle = x + 10 % of x
→ 660 = x + 0.10x
→ 660 = 1.10x
→
∴ The price of bicycle before VAT was added was Rs 600
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