Question

A retailer sold an electric item to a customer at a loss of 10 percent the customer purchase it for rs 25425 including 13, percent VAT calculate the cost price of the electric item to the retailer

Answer 1

Answer: Rs 25,000

Explanation:

Given

Retailer sold an electric iron to a customer at a loss of 10%

Suppose the Cost price of iron is
`x`

So, selling price is
`0.9x`

This price must be equal to
`25425`+ VAT

`\Rightarrow 0.9x=25425-0.13(0.9x)\\\Rightarrow 0.9x+0.117x=25425\\\Rightarrow 1.017x=25425\\\Rightarrow x=\text{Rs }25,000`

Thus, the cost price is
`Rs.25,000`