Final answer:
To find the list price of the TV set, we need to calculate the amount of GST added to the selling price. The list price can be found using the equation: List Price = Selling Price - GST. Substituting the given values, we find that the list price of the TV set is approximately Rs. 29347.83.
Step-by-step explanation:
To find the list price of the TV set, we need to calculate the amount of GST added to the selling price. The GST rate is given as 8% of the list price, so we can calculate this using the formula: GST = (8/100) * List Price. Since the GST amount is added to the selling price, we can write the equation: Selling Price = List Price + GST. Given that the selling price is Rs. 27000, we can rearrange the equation to find the list price: List Price = Selling Price - GST.
Substituting the values, we have: List Price = 27000 - (8/100) * List Price. Simplifying the equation, we get: List Price - (8/100) * List Price = 27000. Combining like terms, we get: (100/100 - 8/100) * List Price = 27000. Simplifying further, we have: (92/100) * List Price = 27000. Rearranging the equation, we get: List Price = 27000 * (100/92).
Calculating the List Price, we have: List Price = 27000 * (100/92) = 29347.83. Therefore, the list price of the TV set is approximately Rs. 29347.83.