Answer:
Marked price = Rs 800
Step-by-step explanation:
Let the marked price of the cap be Rs.“x”.
Discount = 20%
VAT = 13%
VAT amount = Rs. 83.20
We know,
Discount = Marked price – Selling Price
⇒ Selling price = Marked price – discount
The price after giving a discount or Selling price:
[tex]= x - 20 \% \ of \ x \\\\= x - \frac{20}{100} \times x\\\\=\frac{100x - 20x }{100}\\\\=\frac{80x}{100}\\\\=\frac{8x }{10}\\\\=\frac{4x}{5}[/tex]
VAT amount = VAT% of Selling Price
[tex]83.20 = 13 \% \ of \ \frac{4x}{5}\\\\83.20 = \frac{13}{100} \times \frac{4x}{5}\\\\13 \times 4x = 83.20 \times 100 \times 5\\\\4x = \frac{8320 \times 5}{13}\\\\4x = 3200\\\\x = 800[/tex]
Thus, the marked price of the cap is Rs. 800.
