Saved Bookmarks
| 1. |
A TV set was bought for Rs 26,250 including 5% VAT. The original price of the TV set is (a) Rs 27,562.50 (b) Rs 25,000 (c) Rs 24,937.50 (d) Rs 26,245 |
|
Answer» (c) Rs 24,937.50 Explanation: Cost price of TV set = Rs. 26250. VAT including = 5% Original price = Cost price of article including VAT = 26250 – (5/100) x 26250 = 26250-1312.5 = 24,937.50 Therefore, original price of TV set is = Rs. 24,937.50 |
|