Question

plse help me



There is a manufacturing company who sold furnitures at the rate of Rs 31,300 per unit cost which is inclusive of 5% VAT.
calculate the basic cost (exclusive of VAT) for 250 furnitures sold by the company.

Answer 1

(Basic Cost) + VAT * (Basic Cost) = (Retail Price)

Basic Cost = (Retail Price) / (1 + VAT)

Answer 2

Basic cost =31300/(1+0.05)

Answer 3

That's it. Now multiply by the number of units.

Answer 4

250*[31300/1.05]

Answer 5

@tkhunny
thank u

Answer 6

the solution above makes sense to me...

Answer 7

okay
thank u