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Answer:
The marked price of the smart phone is Rs 15,000.
Step-by-step explanation:
We proceed to explain step by step how to determine the marked price of the smart phone:
1) Divide the resulting price by the VAR factor:
(1)
Where:
- Resulting price, measured in rupees.
- Price of the product after discount, measured in rupees.
- VAT rate, measured in percentage.
If we know that and
, then the price of the product after discount is:
2) Divide the price of the product after discount by the discount factor:
(2)
Where:
- Marked price of the product, measured in rupees.
- Discount rate, measured in percentage.
If we know that and
, then the marked price of the product is:
The marked price of the smart phone is Rs 15,000.