Shruti bought a set of cosmetic items for Rs. 345 including 15% value added tax and a purse for Rs. 110 including 10% VAT. What percent is the VAT charged on the whole transaction?
Let x be the price of cosmetic
VAT =
X =
Let Y be the price of purse
VAT =
Y =
Total cost excluding VAT = 300+100 = 400
Let 3% be VAT percentage
3 =
VAT on whole transaction = 13.75%