Question

The value of a smartphone including VAT is rupees 32000 if the original price of the phone is 29680 find the rate of vat

Answer 1

= 32000 is not the orignal price
= 29680 is the orignal price
= 32000 - 29680
= 9320 answer

Answer 2

The rate of vat is 7.8%

Step-by-step explanation:

Let the rate of Vat be x%

Original price = Rs.29680

Amount of Vat = x\% \times 29680 = 0.01x(29680)=296.8x

So, Price of phone including Vat = 29680+296.8x

We are given that The value of a smartphone including VAT is rupees 32000

So, 29680+296.8x=32000

296.8x=32000-29680

x=\frac{32000-29680}{296.8}

x=7.8

Hence the rate of vat is 7.8%

#Learn more :

Malti brought a VCR for rupees 19980 including VAT if the original price of VCR be rupees 18500 find the rate of VAT

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