A watch was bought for ₹ 2,700 including 8% VAT. Find its price before the VAT was added.
Question
A watch was bought for ₹ 2,700 including 8% VAT. Find its price before the VAT was added.
Solution
To find the price of the watch before the VAT was added, we need to reverse calculate the original price.
Step 1: Calculate the VAT amount The VAT amount is 8% of the total price, which is ₹ 2,700. VAT = 8% of ₹ 2,700 VAT = (8/100) * ₹ 2,700 VAT = ₹ 216
Step 2: Subtract the VAT amount from the total price To find the original price, we need to subtract the VAT amount from the total price. Original price = Total price - VAT Original price = ₹ 2,700 - ₹ 216 Original price = ₹ 2,484
Therefore, the price of the watch before the VAT was added is ₹ 2,484.
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