A TV set was bought for ₹26,250 including 5% VAT. The original price of the TV set is _____.

₹27,562.50

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₹24,937.50

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₹26,245

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₹25,000

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Solution

The correct option is B ₹24,937.50
Cost price of TV set = ₹26250.

VAT including = 5% of 26250

Original price = Cost price of article - VAT
= 26250 – (5/100) x 26250

= 26250 - 1312.5

= 24,937.50

Therefore, original price of TV set is = ₹24,937.50

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Similar questions

$The sale of a TV set including VAT is Rs.27000.If the VAT is charged at 8 % of the list price, what is the list price of the TV set ?$

R s . 26, 250

5 %

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