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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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