Question

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?

Answer 1

Price of watch including VAT = Rs. 825
Rate of VAT $=10\%$
$\therefore$ List price $=\frac{825\times 100}{100+VAT\%}=\frac{825\times 100}{100+10}$
$=Rs.\frac{825\times 100}{110}=Rs.750$
$\therefore$ List price of watch = Rs. 750