Question

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

Answer 1

12 percent is the vat percentage.

4080 is the amount of VAT

Explanation:

It's a pretty simple question don't stress it.

To find the amount of the vat, it's simply subtracting the price including VAT by the initial price, 34000.

38080 - 34000 = 4080

To find the percentage of vat, simply do

`(Price Including Vat)/(Original Price)` This equation will give you the percentage of VAT.

38080/34000 = 1.12