Question

The marked price of a digital camera is Rs.24000. If vat rate is double of discount percentage and the price with vat is 8% more than marked price, find the rate of vat.

Answer 1

24000÷8 =3000 8%of3000=3750

Answer 2

Answer:

⇒ VAT percentage = 8%

Step-by-step explanation:

Marked price of the digital camera is given to be Rs 24000

Given that the price with vat is 8% more than the marked price.

Let the price with the vat be Rs. x

⇒ x - 8% of 24000 = 24000

⇒ x - 0.08 × 24000 = 24000

⇒ x - 1920 = 24000

⇒ x = 25920

Thus, The price of the digital camera after VAT = Rs. 25920

Increased price - Rs. 1920

⇒ VAT percentage = (Increased price ÷ Marked price ) × 100

⇒ VAT percentage = 8%