Question

A colour TV is available for Rs.26880 inclusive of VAT . If the original cost of TV is Rs.24000 . Find the rate of VAT . ​

Answer 1

Answer:

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Answer 2

• Cost of TV including VAT = 26880
• Original Price = 24000
• Difference = 2880

$\frac{100 \times 2880}{24000} = 12$

• Therefore = Rate of VAT = 12%