A car is sold for Rs. 200000 including VAT @ of 15.75%. The owner earns a profit of 25% on the cost price. Find the cost price of the car.

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Solution

Let the $C P$ be $x$
As the profit is $25 %$ of $C P$ and VAT $= 15.75 %$
Then $S P = 125 % \times x + 15.75 % \times 125 % \times x ⟹ R s .20000 = 1.446785 x ⟹ x = R s .1, 38, 228.94$

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A car is sold for Rs. 200000 including VAT @ of 15.75%. The owner earns a profit of 25% on the cost price. Find the cost price of the car.

Let the CP be xAs the profit is 25% of CP and VAT=15.75%Then SP=125%×x+15.75%×125%×x⟹Rs.20000=1.446785x⟹x=Rs.1,38,228.94

Let the $C P$ be $x$
As the profit is $25 %$ of $C P$ and VAT $= 15.75 %$
Then $S P = 125 % \times x + 15.75 % \times 125 % \times x ⟹ R s .20000 = 1.446785 x ⟹ x = R s .1, 38, 228.94$