Question

Raman purchased a music system at ₹48,000 including VAT . If the cost price of the music system was ₹40,000 how much VAT(in%) has he paid?

Answer 1

Answer:

20% Vat

Step-by-step explanation:

48000=40000(1+vat%/100)

48000/40000=1+vat%/100

(48000/40000-1)*100=vat%

vat%=20

Answer 2

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Value Added tax=₹48000

Value without tax =₹40000

GST =48000-40000 = 8000

GST%=GST/Value without GST×100

GST% = 8000/40000×100

GST =20% answer