Question

The price of an article with 15% VAT is Rs. 920 . What will be the price excluding VAT​

Answer 1

To find the price excluding VAT, subtract the VAT amount from the total price. In this case, the price excluding VAT is Rs. 800.

Step-by-step explanation:

To find the price excluding VAT, we need to subtract the VAT amount from the total price.

Let's assume the price excluding VAT is x. The price with VAT is given as Rs. 920, which is equal to 115% of the price excluding VAT.

So, we can set up the equation:

115% of x = Rs. 920

Converting 115% to decimal form, we get:

1.15x = Rs. 920

Dividing both sides of the equation by 1.15, we find:

x = Rs. 800

Therefore, the price excluding VAT is Rs. 800.