Q5 of 94 Page 20

The selling price with VAT, on a cooking range is Rs. 19,610. If the VAT is 6%, what is the original price of the cooking range?

Given

Selling price with VAT = 19,610


VAT is 6%


Let y be cost of cooking range


VAT amount = (VAT)(cost of cooking range)


= 6%(y)


= y = 0.06y


Selling price = cost of the cooking range + VAT amount


19,610 = y + 0.06 y


19,610 = 1.06 y


= y


y = 18,500


original price of the cooking range = 18,500


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