Question

selling price of tab with vat is2730. if the vat is5percent what is the original price of tab

Answer 1

Let original price of tab be Rs a

Selling price = Original price + Value added tax

=> 2730 = a  + 5 % of a

=> 2730 = a  + 5a / 100

=> 2730 = a + a/20

=> 2730 = 21a/ 20

=> a = 2730 * 20 / 21

=> a = 130 *20

=> a = 2600

Original Price = Rs 2600