SOLUTION: A certain commodity was sold for $2817.50 after VAT of 15% had been added. Calculate the price of the commodity before the addition of VAT.

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Question 32713: A certain commodity was sold for $2817.50 after VAT of 15% had been added. Calculate the price of the commodity before the addition of VAT.
Answer by mukhopadhyay(490) About Me  (Show Source):
You can put this solution on YOUR website!
If the price of the commodity before the addition of VAT is x dollars,
x + 15%of x = 2817.50
=> x + .15x = 2817.50
=> 1.15x = 2817.50
=> x = 2817.50/1.15 = 2450
The price of the commodity before the addition of VAT is $2,450