The price of the washing machine is Rs14500 inclusive of VAT . If the rate if VAT is 12%,find the basic price of the washing machine
if the price is p, then
1.12p = 14500
so, now just solve for p
99.99%
To find the basic price of the washing machine before VAT, we need to subtract the VAT amount from the total price.
Step 1: Calculate the VAT amount.
We know that the rate of VAT is 12%. To find the VAT amount, we need to calculate 12% of the total price.
VAT amount = (12/100) * Total price
Step 2: Subtract the VAT amount from the total price to find the basic price.
Basic price = Total price - VAT amount
Given that the total price of the washing machine is Rs14500 and the VAT rate is 12%, we can now calculate the basic price.
Step 1: Calculate VAT amount.
VAT amount = (12/100) * 14500 = Rs1740
Step 2: Calculate the basic price.
Basic price = 14500 - 1740 = Rs12760
Therefore, the basic price of the washing machine is Rs12760.