Question

A dealer sold printing machine for 47460 including 13% vat. find the original price(excluding vat).

Answer 1

42000

Explanation:

Original price (before VAT) is 100% of price.

VAT is 13%, of the original price so final price is 113% of original price.

113% = 1.13

original price = 47460/1.13 = 42000