Question

The price of an article including 13% VAT is Rs. 2260. Find the amount of VAT. ​

Answer 1

Answer:

MP = Rs. 2860

VAT = 8%

After VAT Selling Price = 8% Rs. 2860 + Rs. 2860 = Rs. 3088.80

Sale Price after a discount of 20% = Rs. 3088.80 - 20% (Rs. 3088.80) = Rs. 2471.04

Price before VAT is applied = 2860 - 20% = Rs. 2288

Let the Cost Price be x.

Since the overheads are 4%, the new CP will be 1.04x.

So, profit = 2,288 - 1.04x

profit %=

1.04x

(2,288−1.04x)

=

100

10

Implies, 2,288−1.04x=0.104x