Question

the cost of an item is rs 1000 . the vat was 14.5% find the amount paid by the customer

Answer 1

Cost Price = 1000

VAT            = 14.5

Amount       =  (100 + VAT)% *CP

                   = (100 + 14.5)% * 1000

                   =114.5%  * 1000

                   = 114.5 / 100 * 1000

                   =1.145 * 1000

                  = 1145

Answer 2

(14.5*1000)/100
=145
1000+145=1145