The original price of a washing machine which was bought for rs 13,500 inclusive of 8% vat is

The original price of a washing machine which was bought for Rs 13,500 inclusive of 8% VAT is ______.

• Rs 12,420

• Rs 14,580 

• Rs 12,500

• Rs 13,492

The original price of a washing machine which was bought for Rs 13,500 inclusive of 8% VAT is Rs 12,420.

Explanation:

The price of the washing machine = Rs.13500

VAT [Value Added Tax] is included in selling price, which is 8%.

The original price of the washing machine including of 8% VAT

= `135000 - 13500 xx 8/100`

= 13500 – 135 × 8

= 13500 – 1080

= Rs.12420

Concept: Concepts of Cost Price, Selling Price, Total Cost Price, and Profit and Loss, Discount, Overhead Expenses and GST

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