Question 102

Simon purchased a bicycle for ₹ 6810 He had paid a VAT of 13.5%. The list price of the bicycle was:

Solution

Let the list price be 100

VAT = 13.5%

Given ,

Purchasing price of bicycle = (Cost price of bicycle + VAT on it) = ₹6810

List price = $$\frac{6810}{113.5}\times\ 100$$

= ₹6000

Hence, Option C is correct.

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