Question:
The sales price of a television, inclusive of VAT, is Rs 13,500. If VAT charged at the rate of 8% of the list price, find the list price of the television.
Solution:
Let the list price of the TV be Rs. $x$.
VAT charged $=8 \%$
Given,
Cost price of the $T V=R s .13,500$
So,
Cost price of the $T V=x+8 \%$ of $x$
$13,500=x+0.08 x$
$13,500=1.08 x$
$x=\frac{13,500}{1.08}$
$x=$ Rs. 12,500
Thus, the list price of the TV is Rs. 12,500 .
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