A customer purchased a bicycle for Rs 10716 with vat.If its cost without vat Rs 9400,calculate the rate of vat
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Answer:
14%
Step-by-step explanation:
total cost 10716
without vat 9400
vat amount is:- 10716 - 9400 = 1316
vat% = 1316÷9400x100 = 14
so it is 14%
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