Question

Suresh purchase a watch for Rs. 810 including the VAT of 8%. What was the market price of the watch?

Answer 1

Hi,

Selling price = market price ( 100 + vat %)/100

Market price = (s.p × 100 ) / ( 100 + vat% )

According to the problem given ,

Market price = ( 810 × 100 ) /( 100 + 8)

= 81000 / 108

= Rs 750

I hope this helps you.

:)

Answer 2

I hope 750 is answer.