Question

A calculator is sold at Rs 2500 exclusive VAT. Ravi paid Rs 200 as VAT. Find the rate of VAT

Answer 1

The amount of VAT paid was Rs 200

VAT was paid on Rs 2500

Let the rate be r.

So:

r % of 2500 is 200

==> r / 100 * 2500 =200

==> r * 25  = 200

==> r = 200 / 25

==> r = 8

The rate is 8 %

Hope it helps you

================================================

Answer 2

I hope it is helpful to you.
please mark as brilliant answer