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RD Sharma Solutions Class 8 Mathematics Solutions for Profit Loss Discount and Value Added Tax Exercise 13.3 in Chapter 13 - Profit Loss Discount and Value Added Tax
Prev
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 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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