rahul bought a TV for ₹89600, including a tax of 12% .find the cost of the TV before VAT was added
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Answer :
Explanation -
Cost price of TV = Rs 89,600
Tax = 12%
Finding the cost of TV before vat -
Including tax = 100 + 12 = 112
112 % = 89,600
100 % = ?
(100 x 89,600) ÷ 112
= 8960000 ÷ 112
= 80,000 .
Hence :
Cost of the TV before vat = Rs 80,000
Explanation -
Cost price of TV = Rs 89,600
Tax = 12%
Finding the cost of TV before vat -
Including tax = 100 + 12 = 112
112 % = 89,600
100 % = ?
(100 x 89,600) ÷ 112
= 8960000 ÷ 112
= 80,000 .
Hence :
Cost of the TV before vat = Rs 80,000
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