An articles whose original price is rs 1250 is sold for rs 1325 including vat.find the rate of vat.
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Answer:
Rate of VAT = 6%
Step-by-step explanation:
Price of article including VAT = Rs. 1325
Original price of article = Rs. 1250
VAT = Rs. (1325 - 1250)
= Rs. 75
Rate of VAT = VAT/Original price x 100
= 75/1250 x 100
= 6%
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