A TV set was bought for ₹26250 including 5% VAT. Find the original price of the TV set.

₹25,000.75

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₹24,000.50

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₹24,937.50

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₹24900.25

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Solution

The correct option is C ₹24,937.50
Cost price of TV set = ₹26250.
VAT including = 5%
$∴$ Original price $= 26250 - \frac{5}{100} \times 26250$
$= 26250 - \frac{26250}{20}$
= 26250 - 1312.5 = ₹24937.5
So, original price of the TV set = ₹24937.5

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Question 18

A TV set was bought for Rs 26250 including 5% VAT. The original price of the TV set is
(a) Rs. 27562.50
(b) Rs. 25000
(c) Rs. 24937.50
(d) Rs. 26245

Question 18

A TV set was bought for Rs 26250 including 5% VAT. The original price of the TV set is
(a) Rs. 27562.50
(b) Rs. 25000
(c) Rs. 24937.50
(d) Rs. 26245

R s . 26, 250

5 %

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