Question

a person buys an article at a discount of 13℅ and pays 16℅ VAT. if he/she pays rs.261 for VAT, Find the marked price of an article and also the amount paid by him/her to buy the article.​

Answer 1

• Rs. 1875 - marked

• Rs. 1892.25 - paid

Explanation:

Let the marked price be x

Discounted price:

• (x - 13%) = 0.87x

16% VAT added

• 0.87x*0.16 = 261

Solving for x to find marked price:

• x = 261/(0.87*0.16)
• x = 1875

Amount paid including VAT:

• 0.87*1875 + 261 = 1892.25