Question

List price of a pair of shoes is ? 4,500. Ifa customer pays? 450 as VAT for it, findthe rate of VAT.
step by step explanation​

Answer 1

Answer:

ʟɪsᴛ ᴘʀɪᴄᴇ = 4500

VAT= 450

$vat \% = \frac{ vat}{list} \times 100$

$\frac{450}{4500} \times 100 = 10\%$