Karuna bought 10 g of gold for ₹15756 including VAT at 1%. What is

1.	Karuna bought 10 g of gold for ₹15756 including VAT at 1%. What is the rate of gold per 10 g?
Answer» We know that the VAT = 1% SP = ₹15756 So let’s consider the original price of shirt as x ∴ VAT amount = 1% of x = 1x/100 ∴ x + x/100 = 15756 (100x + x)/100 = 15756 101x /100 = 15756 x = (15756 × 100) / 101 x = 15600 ∴ The original price of the 10g Gold excluding VAT is ₹15600

Karuna bought 10 g of gold for ₹15756 including VAT at 1%. What is the rate of gold per 10 g?

Answer»

We know that the VAT = 1%

SP = ₹15756

So let’s consider the original price of shirt as x

∴ VAT amount = 1% of x

= 1x/100

∴ x + x/100 = 15756

(100x + x)/100 = 15756

101x /100 = 15756

x = (15756 × 100) / 101

x = 15600

∴ The original price of the 10g Gold excluding VAT is ₹15600