the market price of a table and a chair together is rupees 4900 the VAT on the table is 10% and that on the chair is 5% if the total weight is rupees 400 find the market price of each
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Let the list price be the TV be Rs. x
VAT charged = 8%
Given, cost price of the TV = Rs. 13500
So, cost price of the TV = x + 8% of x
= x+ 0.08x = 13500
= x = 12500
Thus the list price of the TV is Rs. 12500
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