Question

Vikram bought a watch for Rs. 825. If this amount includes 10% VAT on the list prices. What was the list price of the watch?

Answer 1

Answer:

List price of the watch is Rs 750

Step-by-step explanation:

Given,

• Vikram bought watch for = Rs 825

• VAT = 10%

Let the list price of the watch be = Rs x

VAT at the rate of 10% on Rs x = Rs 10/100 × x = Rs x/10

So, the list price of the watch = Rs (x + x/10) = Rs 11x/10

It is given that watch is bought at the price of Rs 825

∴ 11x/10 = 825

x = (825×10)/11

= 750

∴ List price of the watch is Rs 750

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Answer 2

Answer:

List price of the watch is Rs 750

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