A TV set was bought for $R s 26, 250$ including $5 % V A T$ . The original price of the TV set is (a) Rs 27,562.50 (b) Rs 25,000 (c) Rs 24,937.50 (d) Rs 26,245

$R s 27, 562.50$

No worries! We‘ve got your back. Try BYJU‘S free classes today!

$R s 25, 000$

No worries! We‘ve got your back. Try BYJU‘S free classes today!

$R s 24, 937.50$

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

$R s 26, 245$

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C
$R s 24, 937.50$

Cost price of TV set $= R s . 26250 .$
VAT including $= 5 %$
Now
Original price $=$ Cost price of article including VAT
Original price $= 26250 - (5 / 100) x 26250$
Original price $= 26250 - 1312.5$
Hence, Original price $= R s . 24, 937.50$

Suggest Corrections

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 %

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

Join BYJU'S Learning Program