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A retailer sold an electric item to a customer at a loss of 10 percent the customer purchase it for rs 25425 including 13, percent VAT calculate the cost price of the electric item to the retailer

Respuesta :

Answer: Rs 25,000

Step-by-step explanation:

Given

Retailer sold an electric iron to a customer at a loss of 10%

Suppose the Cost price of iron is [tex]x[/tex]

So, selling price is [tex]0.9x[/tex]

This price must be equal to [tex]25425[/tex]+ VAT

[tex]\Rightarrow 0.9x=25425-0.13(0.9x)\\\Rightarrow 0.9x+0.117x=25425\\\Rightarrow 1.017x=25425\\\Rightarrow x=\text{Rs }25,000[/tex]

Thus, the cost price is [tex]Rs.25,000[/tex]