Advertisements
Advertisements
Question
A refrigerator is available for Rs 13750 including VAT. If the rate of VAT is 10%, find the original cost of the furniture.
Solution
\[\text { Cost of the refrigerator inclusive VAT = Rs } . 13, 750\]
\[\text { Let the original cost of the furniture be Rs . x } . \]
\[\text { Cost of the furniture = 10 % of x + x }\]
\[13, 750 = 1 . 10x\]
\[x = \frac{13, 750}{1 . 10}\]
\[ =\text { Rs } . 12, 500\]
\[\text { Thus, the original cost of the furniture is Rs . }12, 500 .\]
APPEARS IN
RELATED QUESTIONS
A wholesaler sells an article for Rs. 2,700 at a discount of 10% on the printed price to a retailer. The retailer, in turn, raises the printed price of the article by 15% and sells it for Rs. 3,657 which includes sales tax on the new marked price. Find:
(i) the rate of sales tax.
(ii) the profit, as percent, made by the retailer.
Vikram bought a watch for Rs 825. If this amount includes 10% VAT on the list price, what was the list price of the watch?
Rajeeta purchased a set of cosmetics. She paid Rs 165 for it including VAT. If the rate of VAT is 10%, find the sale price of the set.
List price of a washing machine is Rs 9000. If the dealer allows a discount of 5% on the cash payment, how much money will a customer pay to the dealer in cash, if the rate of VAT is 10%?
Find the selling price of an electronic washing machine priced at Rs 24,600 and carrying a sales tax of 15%.
Anurag went to a shop to buy a leather coat costing Rs 2,654. The sales tax on it is 9%. He requested the shopkeeper to reduce the price to such an extent that he has to pay only Rs 2,616 including the sales tax. Find the reduction given by the shopkeeper.
Rupesh wanted to buy an air-conditioner. He bought it when the sales tax on it had just increased by 6%. As a result Rupesh had to pay Rs 1,920 more. Find the marked price of the air-conditioner.
A shopkeeper buys a watch for Rs 2,500 and marks up its price. A customer buys the watch for Rs 3,300 which includes a sales tax of 10% on the marked up price. Find the mark-up percentage on the price of the watch. Also, find his profit percentage.
A manufacturer sells a microwave with a marked price of Rs 11,000 to the distributor for Rs 7,500. The distributor sells it to the retailer at a profit of Rs 1,500. The retailer sells to the customer at the marked price. If tax is charged at 8%, find the VAT paid by the retailer and the price paid by the customer.
The cost of a book marked at Rs 190 after paying a sales tax of 2% is Rs 192.
