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Page 1 1. Find the buying price of each of the following when 5% S.T. is added on the purchase of (i) A towel of ? 50 (ii) 5 kg of flour at ? 15 per kg. Solution: (i) It is given that S.T. = 5% Cost of towel = ? 50 We know that Total S.T. = × = ? 2.50 So the buying price = 50 + 2.50 = ? 52.50 (ii) We know that C.P. of 5 kg of flour at the rate of ? 15 per kg = 15 × 5 = ? 75 Rate of S.T. = 5% Here Total tax = × So we get = 375/100 = ? 3.75 So the total price of the flour = 75 + 3.75 = ? 8.75 Page 2 1. Find the buying price of each of the following when 5% S.T. is added on the purchase of (i) A towel of ? 50 (ii) 5 kg of flour at ? 15 per kg. Solution: (i) It is given that S.T. = 5% Cost of towel = ? 50 We know that Total S.T. = × = ? 2.50 So the buying price = 50 + 2.50 = ? 52.50 (ii) We know that C.P. of 5 kg of flour at the rate of ? 15 per kg = 15 × 5 = ? 75 Rate of S.T. = 5% Here Total tax = × So we get = 375/100 = ? 3.75 So the total price of the flour = 75 + 3.75 = ? 8.75 2. If 8% of VAT is included in the prices, find the original price of (i) A TV bought for ? 13500 (ii) A shampoo bottle bought for ? 180. Solution: (i) It is given that Total price of TV including VAT = ? 13500 Rate of VAT = 8% We know that Original price of TV = × 3 By further calculation = × = ? 12500 (ii) It is given that Total cost of shampoo bottle including VAT = ? 180 Rate of VAT = 8% We know that Original price of shampoo = × 3 By further calculation = × So we get = = ? 166.67 Page 3 1. Find the buying price of each of the following when 5% S.T. is added on the purchase of (i) A towel of ? 50 (ii) 5 kg of flour at ? 15 per kg. Solution: (i) It is given that S.T. = 5% Cost of towel = ? 50 We know that Total S.T. = × = ? 2.50 So the buying price = 50 + 2.50 = ? 52.50 (ii) We know that C.P. of 5 kg of flour at the rate of ? 15 per kg = 15 × 5 = ? 75 Rate of S.T. = 5% Here Total tax = × So we get = 375/100 = ? 3.75 So the total price of the flour = 75 + 3.75 = ? 8.75 2. If 8% of VAT is included in the prices, find the original price of (i) A TV bought for ? 13500 (ii) A shampoo bottle bought for ? 180. Solution: (i) It is given that Total price of TV including VAT = ? 13500 Rate of VAT = 8% We know that Original price of TV = × 3 By further calculation = × = ? 12500 (ii) It is given that Total cost of shampoo bottle including VAT = ? 180 Rate of VAT = 8% We know that Original price of shampoo = × 3 By further calculation = × So we get = = ? 166.67 3. Utkarsh bought an AC for ? 34992 including a VAT of 8%. Find the price of AC before VAT was added. Solution: It is given that Cost of AC including VAT = ? 34992 Rate of VAT charged = 8% We know that Original price of AC = × 3 By further calculation = × = ? 32400 4. Gaurav bought a shirt for ?1296 including VAT. If the original price of the shirt is ? 1200, find the rate of VAT. Solution: It is given that Cost of shirt including VAT = ? 1296 Original price of shirt = ? 1200 We know that Amount of VAT = 1296 – 1200 = ? 96 Here Rate of VAT = VWX × E.;. Substituting the values Page 4 1. Find the buying price of each of the following when 5% S.T. is added on the purchase of (i) A towel of ? 50 (ii) 5 kg of flour at ? 15 per kg. Solution: (i) It is given that S.T. = 5% Cost of towel = ? 50 We know that Total S.T. = × = ? 2.50 So the buying price = 50 + 2.50 = ? 52.50 (ii) We know that C.P. of 5 kg of flour at the rate of ? 15 per kg = 15 × 5 = ? 75 Rate of S.T. = 5% Here Total tax = × So we get = 375/100 = ? 3.75 So the total price of the flour = 75 + 3.75 = ? 8.75 2. If 8% of VAT is included in the prices, find the original price of (i) A TV bought for ? 13500 (ii) A shampoo bottle bought for ? 180. Solution: (i) It is given that Total price of TV including VAT = ? 13500 Rate of VAT = 8% We know that Original price of TV = × 3 By further calculation = × = ? 12500 (ii) It is given that Total cost of shampoo bottle including VAT = ? 180 Rate of VAT = 8% We know that Original price of shampoo = × 3 By further calculation = × So we get = = ? 166.67 3. Utkarsh bought an AC for ? 34992 including a VAT of 8%. Find the price of AC before VAT was added. Solution: It is given that Cost of AC including VAT = ? 34992 Rate of VAT charged = 8% We know that Original price of AC = × 3 By further calculation = × = ? 32400 4. Gaurav bought a shirt for ?1296 including VAT. If the original price of the shirt is ? 1200, find the rate of VAT. Solution: It is given that Cost of shirt including VAT = ? 1296 Original price of shirt = ? 1200 We know that Amount of VAT = 1296 – 1200 = ? 96 Here Rate of VAT = VWX × E.;. Substituting the values = × = 8 % 5. Anjana buys a purse for ? 523.80 including 8% VAT. Find the new selling price of the purse if VAT increases to 10%. Solution: It is given that Total C.P. of purse including VAT = ? 523.80 Rate of VAT = 8% We know that Actual cost of the purse = . × 3 By further calculation = . × = ? 485 Here New rate of VAT = 10% Amount of VAT = 485 × So we get = = ? 48.50 So the total cost of the purse = 485 + 48.50 = ? 535.50 Page 5 1. Find the buying price of each of the following when 5% S.T. is added on the purchase of (i) A towel of ? 50 (ii) 5 kg of flour at ? 15 per kg. Solution: (i) It is given that S.T. = 5% Cost of towel = ? 50 We know that Total S.T. = × = ? 2.50 So the buying price = 50 + 2.50 = ? 52.50 (ii) We know that C.P. of 5 kg of flour at the rate of ? 15 per kg = 15 × 5 = ? 75 Rate of S.T. = 5% Here Total tax = × So we get = 375/100 = ? 3.75 So the total price of the flour = 75 + 3.75 = ? 8.75 2. If 8% of VAT is included in the prices, find the original price of (i) A TV bought for ? 13500 (ii) A shampoo bottle bought for ? 180. Solution: (i) It is given that Total price of TV including VAT = ? 13500 Rate of VAT = 8% We know that Original price of TV = × 3 By further calculation = × = ? 12500 (ii) It is given that Total cost of shampoo bottle including VAT = ? 180 Rate of VAT = 8% We know that Original price of shampoo = × 3 By further calculation = × So we get = = ? 166.67 3. Utkarsh bought an AC for ? 34992 including a VAT of 8%. Find the price of AC before VAT was added. Solution: It is given that Cost of AC including VAT = ? 34992 Rate of VAT charged = 8% We know that Original price of AC = × 3 By further calculation = × = ? 32400 4. Gaurav bought a shirt for ?1296 including VAT. If the original price of the shirt is ? 1200, find the rate of VAT. Solution: It is given that Cost of shirt including VAT = ? 1296 Original price of shirt = ? 1200 We know that Amount of VAT = 1296 – 1200 = ? 96 Here Rate of VAT = VWX × E.;. Substituting the values = × = 8 % 5. Anjana buys a purse for ? 523.80 including 8% VAT. Find the new selling price of the purse if VAT increases to 10%. Solution: It is given that Total C.P. of purse including VAT = ? 523.80 Rate of VAT = 8% We know that Actual cost of the purse = . × 3 By further calculation = . × = ? 485 Here New rate of VAT = 10% Amount of VAT = 485 × So we get = = ? 48.50 So the total cost of the purse = 485 + 48.50 = ? 535.50 6. A wall hanging is marked for ? 4800. The shopkeeper offers 10% discount on it. If VAT is received 8% from the customer, find the amount paid by the customer to purchase the wall hanging. Solution: It is given that Marked price of wall hanging = ? 4800 Discount offered = 10% We know that Net sale price = !4800 × – ( By further calculation = × = ? 4320 Here Rate of VAT charged = 8% So the sale price including VAT = !4320 × 3 ( By further calculation = × = = ? 4665.60 7. Amit goes to a shop to buy a washing machine. The marked price of the washing machine is ? 10900 excluding 9% VAT. Amit bargainsRead More