The price of watch of watch including 10 % VAT is Rs. 825. What is its basic price ?
(a) Rs. 742.50
(b) Rs. 775
(c) Rs. 750
(d) Rs. 907.50
Answer : (c)
Price of watch including VAT = Rs. 825
VAT % = 10 %
∴Basic price=Total price×(100)100+VAT=Rs.825×100100+10=825×100110=Rs.750
Vikram bought a watch for Rs. 825. If this amount included 10% VAT on the list price, what was the list price of the watch?