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
$$\eqalign{ & \therefore {\text{List price}} = \frac{{6810}}{{113.5}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = {\text{Rs}}{\text{. }}6000 \cr} $$
Join The Discussion
Comments ( 1 )
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
What is mean by VAT