Question

A mixer –grinder is available for 14,170 inclusive of VAT. If the original price of the
mixer- grinder is 13000, find the rate of VAT.

Answer 1

Given
Total amount = 14170
cost of mixer grinder = 13000
therefore total amt = cost of mg + tax % on it
14170 = 13000 + x/100×13000
1710=x/100×13000
x = 171/13
x = 13.15%
therefore vat % =13. 15%

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Answer 2

Answer:

Given

Total amount = 14170

cost of mixer grinder = 13000

therefore total amt = cost of mg + tax % on it

14170 = 13000 + x/100×13000

1710=x/100×13000

x = 171/13

x = 13.15%

therefore vat % =13. 15%

Step-by-step explanation: