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Question
The original price of a shampoo bottle bought for Rs 324 if 8% VAT is included in the price is Rs 300.
Options
True
False
Solution
This statement is False.
Explanation:
The original price of a shampoo bottle = Rs. 300
Cost price of shampoo bottle after 8% VAT
= `300 + 8/100 xx 300`
= 300 + 8 × 3
= 300 + 24
= Rs. 324
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