Question

c colour TV is available for rupees 26880 inclusive of VAT. if the original cost of TV is rupees 24000, find the rate of VAT
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Answer 1

Answer:

Rate of VAT is 12%

Step-by-step explanation:

Let the rate of VAT be x%. Then,

24000 + x% of 24000 = 26880

⇒$( \frac{x}{100} \times 24000) = (26880 - 24000)$

⇒$240x = 2880$⇒$x = \frac{2880}{240} = 12.$

∴ rate of VAT is 12%