raman purchased a music system for rs 48000 including VAT .if the price of the music system before adding VAT was rs 40000 then find how much VAT has he paid in percentage?
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Answered by
45
total price for the music system-48000
price before adding vat=40000
vat amount=8000
therefore, the VAT he paid in percentage= 8000 divided by 40000
=20%
price before adding vat=40000
vat amount=8000
therefore, the VAT he paid in percentage= 8000 divided by 40000
=20%
Answered by
42
Answer:
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
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