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13. Profit, Loss, Discount and Value Added Tax (VAT)
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Q2 of 70 Page 13

Vikram bought a watch for Rs. 825. If this amount includes 10% VAT on the list prices. What was the list price of the watch?

Given,


VAT =10%


Let list price of watch = Rs. X


Total price of watch =


Vikram bought watch for Rs. 825


Hence,


=


=


=


List price of watch = Rs.750


More from this chapter

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25

A lady shopkeeper allows her customers 10% discount on the marked price of the goods and still gets a profit of 25%. What is the cost price of a fan for her marked at Rs. 1250

1

The list price of a refrigerator is Rs. 9700. If a value added tax of 6% is to be charged on it, how much one has to pay to buy the refrigerator?

3

Aman bought a shirt for Rs. 374.50 which includes 7% VAT. Find the list price of the shirt.

4

Rani purchases a pair of shoes whose sale price is Rs. 175. If she pays VAT at the rate of 7%, how much amount does she pay as VAT? Also, find the net value of the pair of shoes.

Questions · 70
13. Profit, Loss, Discount and Value Added Tax (VAT)
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