At a restaurant you order a meal that costs 120 rs exclusive taxes. Total bill including the vat and a tip of 20 rs is 146. Find vat
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Answer:
5%
Step-by-step explanation:
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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