Question

The price of a T.V. set inclusive of sales tax at the rate of 14% is Rs 30,552. Find the basic price of the T.V. set.

Answer 1

Let the basic price of the T.V. set be x 

Rate of sales tax = 14%

Therefore, total price of the T.V. set = 

Rs `("x" + ("x" xx 14)/100)`

= Rs `(114  "x")/100`

Total price ofT.V. set given= Rs 30,552 

`therefore (114  "x") /100 = "Rs"  30552`

⇒ 114 x = Rs30,55,200 

⇒ x = Rs `3055200/114`

⇒ x = Rs 26800

Hence, the basic price of the T.V. set = Rs 26,800