Question

A calculator is sold at rupees 4494 ravibpaid rupees 294 vat find the rate of vat

Answer 1

Answer:

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

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