Question

a tourist buys a statue for Rs 45,000.how much amount of money will he receive while leaving india if the vat rate is 13%?

Answer 1

Answer:

Cost of statue = Rs 45,000

Value of VAT = 13%

First we calculate 13% of 45,000:-

⇒ 13/100 × 45000

13 × 450

5850

Now we will add the value of VAT and the cost of statue:-

⇒ 45000 + 5850

Rs 50850

The tourist will receive 50850 rupees.

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