1. List price of a electric kettle is 2700 rs. If Avni paid rs 327 as VAT for it, find the rate of VAT.
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Given : List price of a electric kettle is 2700 rs.
Avni paid rs 327 as VAT for it,
To find : the rate of VAT
Solution:
List price of electric kettle = Rs 2700
Let sat VAT = X %
VAT = ( X/100) 2700 = 27X Rs
VAT = Rs 327
Equate VAT
27X = 327
=> 9X = 109
=> X = 109/9
=> X = 12.11
rate of VAT = 12.11 %
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