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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? |
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Answer» 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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