the price of colour television is rupees 12000 and its price is 13450 after including VAT find the rate of VAT
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- Cost of TV including VAT =Rs.13340
- Cost of TV = Rs.12000
- VAT =13340−12000=Rs.1440
- VAT % =
- Cost/VAT×100=
- 12000/1440 ×100=12%
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