The selling price (inclusive of VAT of 9% ) of a steaeosystem is ₹13407. find the marked price of the stereo system.
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The selling price (inclusive of VAT of 9% ) of a steaeosystem is ₹13407. find the marked price of the stereo system.
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Answer:492
Step-by-step explanation:Let the sale price(S.P) be x
Total amount is given by
Total amount= Sale prices + Sales tax
13407 = x + 9% of x
13407
=
x
+
9
100
×
x
109
100
x
=
13407
x
=
13407
×
100
109
=
12300
Now if the Sales tax is increased to 13% amount which the customer need to pay will be
Total amount = x+ 13% of x
Total amount =
12300
+
13
100
×
12300
=12300 + 1599
= Rs. 13899
So, the extra amount which the customer needs to pay is
13899-13407=Rs. 492
Verified answer
Ans -
SP = ₹13407
VAT = 9 %
We know
SP = MP + MP X VAT %
Putting Value,
13407 = MP + MP X 9/100
13407 X 100 = 100MP + 9MP
We get,
109MP = 1340700
MP = 12,300
So MP of stereo system is ₹12,300