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.
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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