a colour TV is available for rupees 13440 inclusive of vat. if the original cost of TV is rupees 12000. find the rate of vat
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Answers
Answered by
420
Answer:
Given,
Cost of TV inclusive of VAT is = Rs 13440
Original cost of the TV is = Rs 12000
So, let us consider the rate of VAT = x%
VAT at the rate of x% on Rs 12000 = Rs x/100 × 12000 = Rs 120x
So,
12000 + 120x = 13440
120x = 13440-12000
120x = 1440
x = 1440/120
= 12
∴ Rate of VAT = 12%
Answered by
9
Answer:
Cost of the TV including VAT = Rs. 13400
Let the rate of VAT be x% .
Cost of the TV = x% of 12000 + 12000
Therefore , the rate of VAT on the colour TV is 12% .
Hope it will help you
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