Karuna bought 10 g of gold for Rs. 15756 including VAT at 1%.What is the rate of gold per 10g?

Answer

To find the rate of gold per 10 grams that Karuna bought, we need to calculate the price before VAT (Value Added Tax) was added. Here’s how to do it step by step:

### Step 1: Understand the given information
Karuna bought 10 grams of gold for Rs. 15,756, which includes a VAT of 1%.

### Step 2: Identify the formula to find the price before VAT
The formula to find the price before VAT is:
\[ \text{Price before VAT} = \frac{\text{Sale Price}}{1 + \frac{\text{VAT percentage}}{100}} \]

### Step 3: Substitute the values into the formula
Here, the Sale Price is Rs. 15,756 and the VAT percentage is 1%. So we can substitute these values into the formula:
\[ \text{Price before VAT} = \frac{15756}{1 + \frac{1}{100}} = \frac{15756}{1.01} \]

### Step 4: Calculate the price before VAT
Now, we perform the division:
\[ \text{Price before VAT} = \frac{15756}{1.01} \approx 15600 \]

### Step 5: Conclusion
The rate of gold per 10 grams before VAT is Rs. 15,600.