colour TV is available for 26880 inclusive of vat if original cost of TV is 24000 find rate of vat
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Vat stands for value added tax so the money added to the cost price is vast
Cost price=Rs.24,000
Cost price after adding vat=Rs.26,880
So vat =cost with vat-cost of Tv
=Rs.26,880-Rs.24,000
=Rs.2880
Answer= Rs. 2880
Cost price=Rs.24,000
Cost price after adding vat=Rs.26,880
So vat =cost with vat-cost of Tv
=Rs.26,880-Rs.24,000
=Rs.2880
Answer= Rs. 2880
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