The price of a watch including 8% VAT is Rs.810. What is its basic price?
VAT = 8%
Selling Price = Rs.810
Let × be the base price.
Vat Amount = 8% of x
= 8x/100
Base Price + VAT = Selling Price
× + 8x/100 = 810
108x/100 = 810
× = (810 × 100) / 108
= Rs.750
So, Cost Price of watch is Rs.750