Question

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

Answer 1

Cost price of TV set = Rs 26250.
VAT including = 5%
$\therefore$ Original price $=26250-\frac{5}{100}\times 26250$
$=26250-\frac{26250}{20}$
= 26250 - 1312.5 = Rs 24937.5
So, original price of the TV set = Rs. 24937.5