Question

After allowing 20% discount on the marked price with 13%
VAT levied, an article is sold at Rs. 18080. Find the
marked price of the article.

Answer 1

Answer:

The marked price of the article is 22,600

Explanation:

Given, selling price of an article SP = Rs. 18080

To calculate marked price MP, the formula used is  

$\mathrm{SP}=\mathrm{MP}\left(1-\frac{D \%}{100}\right)$

Discount D = 20%

Substituting the given values

SP = $\mathrm{MP}\left(1-\frac{20}{100}\right)$

18080 = $\mathrm{MP}\left(1-\frac{1}{5}\right)$

$18080=\mathrm{MP}\left(\frac{4}{5}\right)$

$\mathrm{MP}=\frac{18080 \times 5}{4}$

MP = Rs. 22,600

Therefore the marked price of the article is 22,600