At a restaurant you order a meal that cost rs 120, excluding the taxes.The total bill including the VAT and a tip rs 20 is rs 146. Find the VAT
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Cost of meal is = Rs. 120
Price including tip and VAT = Rs. 146
So,
Exclude the tip of Rs. 20,
= 146 - 20 = 126
So,
Money including only VAT is Rs. 126
Now let the VAT % be x,
120 + x% of 120 = 126
120 + x/100 × 120 = 126
120 + 6x/5 = 126
6x/5 = 126 - 120
6x/5 = 6
x = (6 × 5)/6
x = 30/6
x = 5%
Hence, VAT % is 5%.
Cost of meal is = Rs. 120
Price including tip and VAT = Rs. 146
So,
Exclude the tip of Rs. 20,
= 146 - 20 = 126
So,
Money including only VAT is Rs. 126
Now let the VAT % be x,
120 + x% of 120 = 126
120 + x/100 × 120 = 126
120 + 6x/5 = 126
6x/5 = 126 - 120
6x/5 = 6
x = (6 × 5)/6
x = 30/6
x = 5%
Hence, VAT % is 5%.
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