Lalitha took a parcel from a hotel to celebrate her birthday with her friends.it was billed with rs.1.450 including 5% VAT.
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Let the actual cost of the parcelled items: Rs P
Value added Tax = 5% = 5P/100 = P/20
Total = P + P/20 = 21 P / 20
21 P / 20 = Rs 1.450
P = 20 * 1.450 /21 = Rs 1.38
Actual cost = Rs 1.38
Value added Tax = 5% = 5P/100 = P/20
Total = P + P/20 = 21 P / 20
21 P / 20 = Rs 1.450
P = 20 * 1.450 /21 = Rs 1.38
Actual cost = Rs 1.38
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