a girl purchased a fridge for rupees 28500 including VAT if the MP of the fridge is 26000 find the rate of vat
pranshu81:
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Answered by
2
vat = cost price - market price
= 28500 - 26000
= 2500 rs
vat℅ = vat/mp×100
= 2500/26000×100
= 9.62℅(approx)
= 28500 - 26000
= 2500 rs
vat℅ = vat/mp×100
= 2500/26000×100
= 9.62℅(approx)
Answered by
4
price of fridge=28500
MP of fridge= 26000
VAT=28500-26000
VAT=2500
formula applied=VAT*100/MP
Therefore, rate of VAT will be = 2500*100/26000
rate of VAT=9.62%
MP of fridge= 26000
VAT=28500-26000
VAT=2500
formula applied=VAT*100/MP
Therefore, rate of VAT will be = 2500*100/26000
rate of VAT=9.62%
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