Question

A tourist bought a carved window of wood with 12% discount and 10% VAT and he got Rs. 1056 back for VAT at the airport. Find the labeled price of the window.​

Answer 1

MP:Rs.12,000

Explanation:

SP = MP - d% of MP

=MP -12% of MP

=0.88MP

VAT= SP × VAT%

1056=0.88MP×0.1

1056=0.088MP

Thus, MP =Rs. 12,000

Answer 2

Rs 12000

Explanation:

Let the labeled price = p

VAT = 10% × discounted price

= 10% × (100% - 12%) × labeled price

= 10% × 88% × labeled price

= 88/1000 × labeled price

1056 = 88/1000 × labeled price

labeled price = 1056 × 1000/88

= Rs 12000