Question

After allowing 20% discount on the marked price with 13%

VAT levied, an article is sold at Rs. 18080. Find the
marked price of the article.

Answer 1

The marked price of the article is 22,600

Explanation:

Given, selling price of an article SP = Rs. 18080

To calculate marked price MP, the formula used is

`\mathrm{SP}=\mathrm{MP}\left(1-(D \%)/(100)\right)`

Discount D = 20%

Substituting the given values

SP =
`\mathrm{MP}\left(1-(20)/(100)\right)`

18080 =
`\mathrm{MP}\left(1-(1)/(5)\right)`

`18080=\mathrm{MP}\left((4)/(5)\right)`

`\mathrm{MP}=(18080 * 5)/(4)`

MP = Rs. 22,600

Therefore the marked price of the article is 22,600