Question

the list price of a sofa set is RS 4200.if surest paid RS462 as vat ,find the rate of vat

Answer 1

List price = ₹4200

VAT = ₹462

VAT % = 462/4200 × 100 = 11%

VAT is 11%

Answer 2

The rate of vat = 11%

Given :

• The list price of a sofa set is Rs. 4200.

• Surest paid Rs. 462 as vat

To find :

The rate of vat

Solution :

Step 1 of 2 :

Form the equation to calculate rate of vat

Let rate of vat = v%

By the given condition

$\displaystyle \sf 4200 \times \frac{v}{100} = 462$

Step 2 of 2 :

Calculate rate of vat

$\displaystyle \sf 4200 \times \frac{v}{100} = 462$

$\displaystyle \sf{ \implies } 42v = 462$

$\displaystyle \sf{ \implies }v = \frac{462}{42}$

$\displaystyle \sf{ \implies }v = 11$

Hence the required rate of vat = 11%

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