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Ankush bought a watch for rs. 3300 including tax of 10% find the price of watch before value added tax(VAT) was added?
Most Upvoted Answer
Ankush bought a watch for rs. 3300 including tax of 10% find the price...
Calculating the price of the watch before VAT
- Step 1: Calculate the tax amount
- Step 2: Calculate the price before tax
- Step 3: Check the answer
The tax rate is given as 10%, which means that the tax amount is 10% of the price of the watch before tax. We can use the following formula to calculate the tax amount:
Tax amount = (Tax rate/100) * Price before tax
Substituting the values given in the problem, we get:
Tax amount = (10/100) * Price before tax
Tax amount = 0.1 * Price before tax
Now that we know the tax amount, we can use the following formula to calculate the price before tax:
Price before tax = Price after tax - Tax amount
Substituting the values given in the problem, we get:
Price before tax = 3300 - (0.1 * Price before tax)
Multiplying both sides by 10, we get:
10 * Price before tax = 33000 - Price before tax
Adding Price before tax to both sides, we get:
11 * Price before tax = 33000
Dividing both sides by 11, we get:
Price before tax = 3000
To verify our answer, we can calculate the tax amount using the formula we derived earlier:
Tax amount = (10/100) * Price before tax
Tax amount = (10/100) * 3000
Tax amount = 300
Adding the tax amount to the price before tax, we get:
Price after tax = Price before tax + Tax amount
Price after tax = 3000 + 300
Price after tax = 3300
Therefore, our answer checks out.
Answer:
The price of the watch before VAT was added is Rs. 3000.
Community Answer
Ankush bought a watch for rs. 3300 including tax of 10% find the price...
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Ankush bought a watch for rs. 3300 including tax of 10% find the price of watch before value added tax(VAT) was added?
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Ankush bought a watch for rs. 3300 including tax of 10% find the price of watch before value added tax(VAT) was added? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about Ankush bought a watch for rs. 3300 including tax of 10% find the price of watch before value added tax(VAT) was added? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ankush bought a watch for rs. 3300 including tax of 10% find the price of watch before value added tax(VAT) was added?.
Ankush bought a watch for rs. 3300 including tax of 10% find the price of watch before value added tax(VAT) was added? for Class 8 2024 is part of Class 8 preparation. The Question and answers have been prepared according to the Class 8 exam syllabus. Information about Ankush bought a watch for rs. 3300 including tax of 10% find the price of watch before value added tax(VAT) was added? covers all topics & solutions for Class 8 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ankush bought a watch for rs. 3300 including tax of 10% find the price of watch before value added tax(VAT) was added?.
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