Malti bought a VCR for Rs. 19980 including VAT. If the original price of VCR be Rs. 18500, find the rate of VAT.
Selling Price = Rs.19980
Original Price = Rs.18500
VAT Amount = 19980- 18500
= Rs.1480
VAT % = (VAT Amount/Original Price) × 100
= (1480/18500) × 100
= 8%
So, Rate of VAT is 8%