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Raza purchased a bicycle for Rs. 6810. He had paid a VAT of 13.5%. The list price of the bicycle was = ?

A. Rs. 6696.50

B. Rs. 6140

C. Rs. 5970.50

D. Rs. 6000

Answer: Option D

Solution(By Examveda Team)

VAT % = 13.5%
Cost price (including VAT) = Rs. 6810
$$\eqalign{ & \therefore {\text{List price}} = \frac{{6810}}{{113.5}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{. }}6000 \cr} $$

This Question Belongs to Arithmetic Ability >> Profit And Loss

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Comments ( 1 )

  1. Shirisha Akula
    Shirisha Akula :
    2 years ago

    What is mean by VAT

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