Question

Rahul purchased a TV set for Rs. 17,000 after paying a VAT of 12.5% . What was
the marked price of the TV

Answer 1

Answer:

C.P of TV= Rs 17,000

VAT =12.5%

M.P=C.P+VAT% of C.P

=17,000+12.5/100*17,000

17,000+2,125

=19,125

This is marked price of a TV

Answer 2

Answer

Let the marked price of TV to be x

Vat% = 12.5%

Vat = 12.5% of x

= 125/1000 × x

= 125x / 100

Selling price = x + 125x/100

= 225x/100

ATQ

225x/100 = 17000

225x = 17000× 100

225x = 1700000

x = 1700000/225

x= 7555.55

Marked price is ₹ 7555.55