The sales price of a television, inclusive of VAT, is Rs 13,500.
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 .

Administrator

Leave a comment

Please enter comment.
Please enter your name.