Question

devid purchase a pair of shoes for rs 441 including value added tax.if the seals price of the shoes is rs 420.find the rate of value added tax​

Answer 1

Answer:

The rate of value added tax would be 50%.

Step-by-step explanation:

Since we have given that

Price of shoes = Rs. 420

Marked price including value added tax = Rs. 441

So, Difference between them is,

=441−420

=Rs. 21

So, Rate of value added tax would be

= 21 / 420 × 100

= 1 / 2 × 10

=50%

Hence, the rate of value added tax would be 50%

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Answer 2

Step-by-step explanation:

Purchase price of shoes including vat

Purchase price of shoes including vat = Rs 441

Purchase price of shoes including vat = Rs 441Selling price of shoes = Rs 420

Purchase price of shoes including vat = Rs 441Selling price of shoes = Rs 420Therefore,

Purchase price of shoes including vat = Rs 441Selling price of shoes = Rs 420Therefore,Vat = 441 - 420 = Rs 21