Question

Loss = 10% VAT=13% SP WITH VAT=25,425 now calculate CP

Answer 1

The cost price of the product will be 25000.

How to calculate the price?

From the information given, the cost price is 25000. The loss is 10%. This will be:

= 25000 - (10% × 25000)

= 25000 - 2500

= 22500

The tax is 13%. This will be:

= 22500 + (13% × 22500)

= 22500 + 2925

= 25425

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