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

Question

Philoid · Accepted Answer

VAT = 7%

Selling Price = Rs.1337.50

Let × be the original price of watch.

VAT Amount = 7% of x

=7x/100

× + 7x/100 = 1337.50

107x/100 = 1337.50

X= (1337.50 × 100) / 107

= Rs.1250

So, Original Price of Shirt excluding VAT is Rs.1250.