A colour T.V. is available for Rs. 13440 inclusive of VAT. If the orig

1.	A colour T.V. is available for Rs. 13440 inclusive of VAT. If the original cost of TV is Rs. 12000, find the rate of VAT.
Answer» Given, Cost of TV including VAT = RS.13440 Original cost = Rs.12000 Let rate of VAT = x% So, = x% of 12000 + 12000 = 13440 = 120x = 13440 - 12000 = 1440 = x = \(\frac{1440}{120}\) =12 Hence, Rate of VAT = 12%

A colour T.V. is available for Rs. 13440 inclusive of VAT. If the original cost of TV is Rs. 12000, find the rate of VAT.

Answer»

Given,

Cost of TV including VAT = RS.13440

Original cost = Rs.12000

Let rate of VAT = x%

So,

= x% of 12000 + 12000 = 13440

= 120x = 13440 - 12000 = 1440

= x = \(\frac{1440}{120}\) =12

Hence,

Rate of VAT = 12%