Question

13% VAT is levied on a handicraft after 10% discount. If the VAT amount is Rs 910, then find the marked price and selling price of it with VAT.​

Answer 1

The marked price was $ 7,777.77, and the selling price of it with VAT was $ 7,910.

Explanation:

Given that 13% VAT is levied on a handicraft after 10% discount, if the VAT amount is $ 910, to find the marked price and selling price of it with VAT the following calculations must be performed:

13 = 910

100 = X

100 x 910/13 = X

91,000 / 13 = X

7000 = X

0.9 = 7000

1 = X

7000 / 0.9 = X

7,777.77 = X

Therefore, the marked price was $ 7,777.77, and the selling price of it with VAT was $ 7,910.