The selling price of the article including VAT will be 1000.
What is the selling price?
The cost at which an article is sold is known as the selling price.
Let the market price will be x
Given data;
Discount=20 %
The amount of the discount is;
[tex]\rm Discount = x- x \times \frac{20}{100} =\frac{80x}{100}[/tex]
Applied tax is;
[tex]\rm \frac{80x}{100} +\frac{80x}{100} \times \frac{15}{100} =904 \\\\ \frac{8000x+1040 x}{10000} =904 \\\\ 9040 x = 904 \times 10000 \\\\\ x=\frac{904 \times 10000}{9040} \\\\ x=1000[/tex]
Hence, the selling price of the article including VAT will be 1000.
To learn more about the selling price refer;
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