Question

Find the marked price of the refrigerator, if its selling price along with goods and servies tax is given.
$S.P=Rs12,760$; rate of goods and services tax $=10\%$ ..........

Answer 1

SP =12760 Rs Tax = 10%

Tax $=\frac{SP-CP}{CP}\times 100$

$\Rightarrow 10=\frac{12760-CP}{CP}\times 100$

$\Rightarrow \frac{CP}{10}=12760-CP\Rightarrow \frac{11CP}{10}=12760$

$\Rightarrow CP=\frac{12760\times 10}{11}=11600RS$