Question

shruti purchased groceries of rs2925 including vat if its marked price is rs2600 then find its vat

Answer 1

Total Price = Marked Price + VAT

⇒ 2925 = 2600 + VAT

⇒ VAT = 2925 - 2600 = Rs 325

In % VAT = (VAT / Marked Price) × 100 = (325/2600) × 100 = 12.5%

Hence VAT is Rs 325 or 12.5%