Question

the rate of VAT.
11. The value of a car including VAT is 382500. If the basic price of the car be * 340000, find
the rate of VAT on cars.​

Answer 1

Answer:

The rate of VAT on cars is 12.5%.

Step-by-step explanation:

Given : The value of a car including VAT is Rs.382500. If the basic price of the car be Rs.340000.

To find :

The rate of VAT on cars ?

Solution :

The selling price is Rs.382500.

The original price is Rs.340000.

The VAT amount is given by,

VAT amount = Selling price - Cost price

VAT amount = 382500 - 340000

VAT amount = Rs.42500

VAT percentage is given by,

VAT$\% = \frac{\text{VAT amount}}{\text{Original price}}\times 100$

VAT$\% = \frac{42500}{340000}\times 100$

VAT$\% = \frac{425}{34}$

VAT$\% = 12.5\%$

Therefore, the rate of VAT on cars is 12.5%.

Answer 2

Answer:

hope it's help you.........