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Question
Aman bought a shirt for Rs 374.50 which includes 7% VAT. Find the list price of the shirt.
Solution
\[\text { Let the list price of the shirt be Rs . x } . \]
\[\text { Then }, \]
\[x + \frac{7}{100}x = 374 . 50\]
\[x + 0 . 07x = 374 . 50\]
\[1 . 07x = 374 . 50\]
\[x = \frac{374 . 50}{1 . 07}\]
\[ = \text { Rs } . 350\]
\[\text { Thus, the list price of the shirt is Rs } . 350 .\]
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