Question:
Aman bought a shirt for Rs 374.50 which includes 7% VAT. Find the list price of the shirt.
Solution:
Let the list price of the shirt be Rs. $x$.
Then,
$x+\frac{7}{100} x=374.50$
$x+0.07 x=374.50$
$1.07 x=374.50$
$x=\frac{374.50}{1.07}$
$=R s .350$
Thus, the list price of the shirt is Rs. 350 .