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