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10. Profit and Loss
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Q3 of 94 Page 139

Tanvy bought a watch for Rs.1980 including VAT at 10%. Find the original price of the watch.

VAT = 10%


Selling Price = Rs.1980


Let × be the original price of watch.


VAT Amount = 10% of x


=x/10


× + x/10 = 1980


11x/10 = 1980


X= (1980 × 10) / 11


= Rs.1800


So, Original Price of Watch excluding VAT is Rs.1800.


More from this chapter

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1

The list price of a refrigerator is Rs. 14650. If 6% is charged as sales tax, find the cost of the refrigerator.

2

Reena bought the following articles from a general store:

(i) 1 tie costing Rs. 250 with ST @ 6%


(ii) Medicines costing Rs. 625 with ST @ 4%


(iii) Cosmetics costing Rs. 430 with ST @ 10%


(iv) Clothes costing Z 1175 with ST @ 8%


Calculate the total amount to be paid by Reena

4

Mohit bought a shirt for Rs. 1337.50 including VAT at 7%. Find the original price of the shirt.

5

Karuna bought 10 g of gold for Rs. 15756 including VAT at 1%. What is the rate of gold per 10 g?

Questions · 94
10. Profit and Loss
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