Question

Sunita purchases a bicyle for Rs. 660. She has paid a VAT of $10\%$. Find the list price of bicycle.

Answer 1

Cost price of bicycle including VAT = Rs. 660
Rate of VAT $=10\%$
$\therefore$ List price of bicycle $=Rs.\frac{660\times 100}{100+VAT\%}$
$=Rs.\frac{660\times 100}{100+10}=Rs.\frac{660\times 100}{110}=Rs.600$