Question

A computer costing Rs. 34,000 is sold at Rs. 38080 including VAT. Find the amount of VAT and its percentage.​

Answer 1

VAT = Rs 4,080 and VAT% = 12%.

Explanation:

VAT = Rs 38,080 -Rs 34,000

or, VAT = Rs 4,080

now

VAT % = 4,080/34,000×100%

= 12%

Answer 2

Question:-

A computer costing Rs. 34,000 is sold at Rs. 38080 including VAT. Find the amount of VAT and its percentage.

Answer:-

• Amount of VAT = Rs. 4,080

• VAT % = 12%

Explanation:-

→ Amount of VAT = Rs 38080 - Rs 34000 = Rs 4080

→VAT % =
`(4080)/(34000) * 100 = 12`%

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[VAT stands for Value Added Tax]