denishsaud1205
Answered

Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Experience the convenience of getting reliable answers to your questions from a vast network of knowledgeable experts. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

After allowing 20% discount on a marked price 13% VAT was levied on an article. If it was sold for 7232 dollars, what was the marked price of the article?​

Sagot :

msm555

The marked price of the article was $7865

​Answer:

solution given:

let marked price be x=?

discount =20%

vat=13%

selling price =$7232

we have

discount amount=discount % of marked price=20/100*x=0.2 x

and

vat amount = vat% of selling price=13/100*$7232=$940.16

we have

Selling price with tax  =marked price - discount amount + vat amount

$7232=x-0.2x+$940.16

$7232-$940.16=x-0.2x

0.8x=$6291.84

x=$6291.84/0.8

x=$7864.8

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.