cp= 20000 profit = 25% spv =27500 find rare of vat
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Answer:
let sp be x
profit%=sp-cp/cp*100%
25=x-20000/20000*100
25=x-20000/20
25*20=x-20000
500=x-20000
500+20000=x
x=20500
sp=Rs.20500
now,
vat%=spv-sp/sp*100%
=27500-20500/20500*100%
=7000/205
=34.15%
i hope this will help u
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