Question

The price of a fan is Rs 1,700 and a customer pays Rs 1,921 with VAT. Find the rate of VAT.
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Answer 1

Answer:

1921 -1700

221.

it is the rate of vat

Answer 2

rate =13%

Step-by-step explanation:

Basic cost =1700

with vat =1921

vat amount =1921-1700

=221

rate of vat = 221/1700 × 100

= 13%