If "S" denotes "multiplied by", "V" denotes "subtracted from", "M" denotes "added to" and "L" denotes "divided by", then find the value of:
96 L 12 S 7 V 49 M 10=?

First, let's substitute the letters with their respective mathematical operators:
L→÷

S→×

V→−

M→+

The expression becomes:

96÷12×7−49+10
Now, apply the BODMAS rule (Division, Multiplication, Addition, Subtraction):

Division:

96÷12=8
The expression is now: 8×7−49+10

Multiplication:

8×7=56
The expression is now: 56−49+10

Addition and Subtraction:

56+10−49=66−49=17