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List price of a cooler is Rs. 2563. The rate of VAT is 10%. The customer requests the shopkeeper to allow a discount in the price of the cooler to such an extent that the price remains Rs. 2563 inclusive of VAT. Find the discount in the price of the cooler.

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Best answer

Given,

Let X be the buying price of customer excluding VAT

VAT = \(\frac{10}{100}x\)

\(x+\frac{1}{10}x\) = 2563

x = \(\frac{2563\times 10}{11}\) = 2330

x = 2330

But list price of cooler = 2563

Discount in price = 2563 – 2330 = 233

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