Question

A colour tv is available for Rs 26880 inclusive of vat . If tge original cost of the tv is Rs 24000 find the rate of vat

Answer 1

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%

Hope it helps:)

Answer 2

Cost of TV including Vat = 26880
Cost of TV without vat =24000
Therefore cost of VAT= 26880
-24000
______
02880