Question

The price of a book is Rs.11,500 includes VAT 15%. Then the original price of the book is

Answer 1

The answer is 9775 rupees

Answer 2

Given,

The price of the book including the VAT = Rs. 11500

VAT amount = 15%

To find,

The original price of the book.

Solution,

Let, the original price of the book = Rs. x

( Assume x as a variable to do the further mathematical calculations.)

VAT amount = x × 15/100 = Rs. 3x/20

Final price including the VAT = (x+3x/20) = Rs. 23x/20

Now, if we compare the two values of the final price of the book, we will get the following mathematical equation,

23x/20 = 11500

x = 11500 × 20/23

x = 10000

Hence, the original price of the book is Rs. 10000