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?

Question

Philoid · Accepted Answer

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%