Question

Sunita purchases a bicycle for Rs. 660. She has paid a VAT of 10%. Find the list price of the bicycle?

Answer 1

Given,

Rate of VAT = 10%

Cost of bicycle = Rs.660

Let sale price of bicycle = Rs. x

So,

= \(\frac{11x}{10}\) = 660

= x = \(\frac{660\times 10}{11}\) = Rs. 600

Hence,

List price of bicycle = Rs.600