Question

a colour tv is available for rs 26880 in which VAT is included. if original cost of tv is rs 240000, find the rate of the VAT.

Answer 1

S.P = 26880 Rs
C.P = 24000
VAT = ?

VAT value =
26880-24000
= 2880 Rs

Rate of VAT :

2880 = (x/100)×24000
x = 2880/240
x = 12 %
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Hence the rate of VAT is 12%

Answer 2

✬ Rate of VAT = 12 % ✬

Step-by-step explanation:

Given:

• Price of colour TV is Rs 26880 including the VAT.
• Original cost of TV is Rs 24000.

To Find:

• What is rate of VAT?

Solution: Let the rate of VAT be x%.

A/q

• 24000 + x% of 24000 = 26880

$\small\implies{\sf }$ 24000 + x/100 x 24000 = 26880

$\small\implies{\sf }$ x/100 x 24000 = (26880 – 24000)

$\small\implies{\sf }$ 240x = 2880

$\small\implies{\sf }$ x = 2880/240

$\small\implies{\sf }$ x = 12

Hence, The rate of VAT is 12%.