Question

The price of a washing machine is₹14,500 inclusive of VAT. if the rate of VAT is 12%, find the basic price of the washing machine.

Answer 1

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Here is your answer

Price including VAT = Rs 14,500
VAT = 12%

As we know that
Basic Price is
$= \frac{14500 \times 100}{100 + 12} \\ = \frac{1450000}{112} \\ = 12946.42$
Therefore Basic price of Washing machine is Rs 12,946.42


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Answer 2

Answer:

Basic Price of Washing machine = 12946.43 Rs

Solution:

The price of a washing machine is₹14,500 inclusive of VAT.

VAT is including in the amount.

let the basic cost of Washing machine is x rupees

VAT = 12% of x

$14500 = x + \frac{12x}{100} \\ \\ 14500 = \frac{100x + 12x}{100} \\ \\ 1450000 = 112x \\ \\ x = \frac{1450000}{112} \\ \\ x = 12946.43 \: Rs$
Hope it helps you.