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Profit Loss Discount and Value Added Tax | Profit Loss Discount and Value Added Tax Exercise 13.3

Question 9

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.

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Given,

Cost of TV inclusive of VAT is = Rs 13440

Original cost of the TV is = Rs 12000

So, let us consider the rate of VAT = x%

VAT at the rate of x% on Rs 12000 = Rs x/100 × 12000

= Rs 120x

So,

12000 + 120x = 13440

120x = 13440-12000

120x = 1440 x = 1440/120

= 12

∴ Rate of VAT = 12%

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Question 9

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.

Looking to do well in your science exam ? Learn from an expert tutor. Book a free class!

Given,

Cost of TV inclusive of VAT is = Rs 13440

Original cost of the TV is = Rs 12000

So, let us consider the rate of VAT = x%

VAT at the rate of x% on Rs 12000 = Rs x/100 × 12000

= Rs 120x

So,

12000 + 120x = 13440

120x = 13440-12000

120x = 1440 x = 1440/120

= 12

∴ Rate of VAT = 12%

Our top 5% students will be awarded a special scholarship to Lido.

subject-cta
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