Question

Ritika bought an air cooler for 6820 including a VAT of 10%. what was the price of the air cooler before VAT was added
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Answer 1

Vat=10%, 100%= 6820, and 10%=682 ,


Answer is 6820-682=6138.

Answer 2

Answer :

600

Explanation :

Given : The price of cooler including VAT( Value added tax) of 10% = 6820.

VAT = 10%

Let us consider, the previous price of cooler be ‘x’

The previous price of the cooler

= x + 10% = 6820

= x + 10/100 = 6820

= 110x/100 = 6820

= 110x = 6820 × 100

= 110x = 682000

Therefore,

x = 682000/110

x = 6200

So, the previous price of cooler = 6200

Therefore,

VAT added =

Final price at which article sold - Previous price of cooler = 6820 - 6200 = 600

Therefore, the VAT added = 600