Question

The original price of a refrigerator which was bought for 21000 inclusive of 5% VAT is​

Answer 1

Answer:

Let the original price be X

Given that VAT is 5%

So, price including tax = x+5%x = x+0.05x = 1.5x

Original price of refrigerator is 21000 inclusive of 5% VAT

Therefore, 1.5x = 21000

$x = \frac{21000}{1.5}$

x = 14000

Hence the price of the refrigerator before the VAT was added is 14000.

But if you want the answer including VAT then it would be

=> 5/100×21000 = 1050.

Answer 2

Given,

Price inclusive of VAT = Rs. 21000

VAT = 5%

To find,

The original price of the refrigerator.

Solution,

We can simply solve this mathematical problem by using the following mathematical process.

Let, the original price = Rs. x

VAT amount = x × 5/100 = Rs. x/20

Price inclusive of VAT = (x) + (x/20) = Rs. 21x/20

According to the data mentioned in the question,

21x/20 = 21000

x = 21000 × 20/21

x = 20000

[This value of x (which was assumed as the original price of the refrigerator), will be considered as the final result.]

Hence, the original price of the refrigerator is Rs. 20000