Given,
Aman bought a shirt for = Rs 374.50
VAT = 7%
Let the list price of the shirt be = Rs x
VAT at the rate of 7% on Rs x = Rs 7/100 × x = Rs 7x/100
So, the list price of the shirt = Rs (x + 7x/100) = Rs 107x/100
It is given that shirt is bought at the price of Rs 374.50
∴ 107x/100 = 374.50
x = (374.50×100)/107
= 350
∴ List price of the shirt is Rs 350
