Question

what should be a price before VAT of a pair of shoes for Rs 330 including a tax of 10%

Answer 1

Y=33000/100 Y=330 Hope   r helpful

Answer 2

Answer:

VAT is a Value Added Tax that is levied on the items at a flat rate.

So, Price (including VAT) of shoes = $Rs 330$

VAT = $10%$%

Price before VAT = $330*\frac{100}{110}$ = $300$

Step-by-step explanation:

• VAT is an indirect tax levied by Government on goods or services sold or rendered.
• If VAT is already included in the price of an item and to come to the base price i.e price excluding VAT, one has to consider the rate of VAT charged.
• If suppose, as in this question VAT is charged at 10% then the price after VAT i.e $330$ is actually the price at $110$% (100% base price+ 10% VAT).
• To get the price before VAT we have to bring down the price to 100% by dividing $330$ by $110$ and multiplying it by $100$.
• Hence, the price of shoes before VAT is $Rs 300$.

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