11. The value of a car including VAT is ₹382500. If the basic price of the car be ₹340000, find
the rate of VAT on cars.????????
Answers
Answered by
1
Step-by-step explanation:
Selling Price = Rs.382500
Original Price = Rs.340000
VAT Amount = 382500- 340000
= Rs.42500
VAT % = (VAT Amount/Original Price) × 100
= (42500/340000) × 100
= 12.5%
So, Rate of VAT on Car is 12.5%
Answered by
2
QUESTION
The value of a car including VAT is ₹382500. If the basic price of the car be ₹340000, find
The value of a car including VAT is ₹382500. If the basic price of the car be ₹340000, findthe rate of VAT on cars
ANSWER
Selling Price = Rs.382500
Original Price = Rs.340000
VAT Amount = 382500- 340000
= Rs.42500
VAT % = (VAT Amount/Original Price) × 100
= (42500/340000) × 100
= 12.5%
So, Rate of VAT on Car is 12.5%
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