Question

The SP of a TV set including VAT is rupees 27000 . If the VAT is charged at 8% of the list price what is the list price of the TV set.

Answer 1

Answer:

let the list price be x,

according to the question,

x + 8% of x = ₹ 27000

x + 8x/100 = ₹ 27000

108x/100 = ₹ 27000

x = ₹ 27000 * 100/108

x = ₹ 25000

so, the list price is ₹ 25000