a colour tv is 24000, price before VAT was added 26880.What is the percent of VAT
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The extra Amount as VAT =rs 2880
We have to find out how much is the the percentange of 2880 in24000(original price)
X/100 x 24000= 2880
X x 240=2880
X=2880/240
= 12
Therefore rate of VAT =12%
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