Question

Marked price of an article is rs 1500 what is selling price with 10 %vat



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Answer 1

if no discount is allowed

MP = SP = 1500

sp with vat = sp = vat amount

vat amount = vat% of sp

= 10% 0f 1500

= 150

sp with vat = sp = vat amount

= 1500 + 150

= 1650