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Question

The price of the article is 9350 which includes VAT at 10%.find how much less a customer pays for the article decreased by 3%

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Solution

Let original price be x

With 10% VAT,
x + 10x/100 = 9350
110x/100 = 9350
x = 9350/110 × 100
x = 85 × 100 = 8500 rupees

Now 3% decreased so
VAT will be 7 %

VAT = 8500 × 7/100
= 595

price of article including VAT = 8500 + 595 = 9095 rupees

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