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The price of a scooter including sales tax at the rate of $11%$ is $37,462.50$. Find the basic price of the scooter.

Given

The total cost of a scooter including sales tax is ₹$37,462.50$

The rate of sales tax $11%$

Calculation

Let, the basic price of scooter be$y$

Total price of the scooter = ₹$\left[ y+\left( \left( y\times 11 \right)/100 \right) \right]$

$=111y/100$

$111y/100=$ ₹$37,462.50$ ,

$111y=37,462.50\times 100$

$111y=37,46,250$

$y=37,46,250/111$

$y=$ ₹$33,750$

$\therefore $ The basic price of scooter is ₹$33,750$