Question

A retailer allows 15% discount on the Marked price of an electric fan. If a customer pays Rs 2244 with 10% VAT,find the Marked Price of the fan​

Answer 1

2400

Explanation:

2244 is the final price. it includes the VAT based on the actual sale price. and that is then actually 15% lower than the originally marked price.

so, let's calculate backwards :

2244 = 100% sale price + 10% VAT = 110%

1% = 2244 / 110 = 20.40

100% (actual sale price) = 20.40×100 = 2040

now, because of the 15% discount, these 2040 are only 85% of the originally marked price.

2040 = 85%

1% = 2040 / 85 = 24.00

100% (the original marked price) = 24×100 = 2400