Question

sawarna paid Rs20 as VAT on a pair of shoes worth Rs250 find the rate of VAT

Answer 1

Answer:

8 % or 8.7 %

Step-by-step explanation:

sawarna paid Rs20 as VAT on a pair of shoes worth Rs250 find the rate of VAT

there can be two case :

one Rs 250 is base Price , case 2 Rs 250 is selling price

Case 1

Let say Base Price of Shoes = Rs X

Vat Paid = Rs 20

Sell price = X + 20

250 = X + 20

=> X = 230

VAT % = (20/230) * 100 = 8.7 %

VAT = 8.7 %

Case 2

Base Price of Shoes = Rs 250

Vat Paid = Rs 20

VAT % = (20/250) * 100 = 8 %

VAT = 8 %

Answer 2

Answer:

The rate of VAT id sawarna paid Rs20 as VAT on a Rs250 pair of shoe is 8%.

Step-by-step explanation:

To find the rate of VAT, we will multiply 100 to the quotient of the amount of VAT and the price of the pair of shoe. That is,

100 * (20/250)

100 * (0.08) = 8. Thus 8 is the percentage or rate of VAT.