Rajan bought a watch for Z 1870 including VAT at 10%. Find the original price of the watch.

Question

Philoid · Accepted Answer

VAT = 10%

Selling Price = Rs.1870

Let × be the base price.

Vat Amount = 10% of x

= x/10

Base Price + VAT = Selling Price

× + x/10 = 1870

11x/10 = 1870

× = (1870 × 10) / 11

= Rs.1700

So, Cost Price of watch is Rs.1700