Question

1. The price of an article with 15% VAT is Rs. 920. What will be the
price excluding VAT?​

Answer 1

Rs 800

Explanation:

VAT%=15%

Total price =Rs920

Consider price without VAT as Rs x.

Then,

Total price =x+15%of x

or,920=23x/20

or, 23x=920*20

or, x=18400/23

Therefore, x=Rs 800