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.

Question

Philoid · Accepted Answer

Given,

Cost of TV including VAT = RS.13440

Original cost = Rs.12000

Let rate of VAT = x%

So,

=

Hence,

Rate of VAT = 12%