Question

The Marked price of an article is Rs 14650. If 6% VAT is charged, find its cost price.

Answer 1

Answer:

(cp×106)/100. =14650

cp=(14650×100)/106=13820

Answer 2

Answer:

The cost price of the article is 13820 rs

Step-by-step explanation:

let the cost price be x

VAT Charged=6% of x=6*x/100

Marked price of the article=14650 rs

According to question,

x+(6*x/100)=14650

x+(6x/100)=14650

(100x+6x/100)=14650

106x=14650*100

106x=1465000

x=1465000/106

x=13820.75

x=13820(approx)

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