Rohit purchased a pair of shoes for Rs 882 inclusive of vat. If the original cost be Rs 840 .find the rate of vat.
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Original price =rs 840
Price after vat = rs882
Amount of vat added = price after VAT - original price
=> rs 882 - rs 840=rs 42
Rate of vat = amount of vat added / original price *100
42/840*100=5%
Hence 5% vat is added
Price after vat = rs882
Amount of vat added = price after VAT - original price
=> rs 882 - rs 840=rs 42
Rate of vat = amount of vat added / original price *100
42/840*100=5%
Hence 5% vat is added
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