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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?

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Solution

Price of watch including VAT = Rs. 825
Rate of VAT =10%
List price =825×100100+VAT%=825×100100+10
=Rs.825×100110=Rs.750
List price of watch = Rs. 750


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