Question

The marked price of an electric item is Rs 2,400 and the shopkeeper allows 20%

discount. After levying VAT, if a customer pays Rs 2,208 for it, find the VAT
percent.​

Answer 1

Explanation:

mp=2400

discount=20%

discont amount=d%of mp=20/100×2400=480

sp=mp-discount=2400-480=1920

sp with vat =2208

sp+vat%ofsp=2208

sp(1+vat%)=2208

(1+vat%)=2208/1920

1+vat%=1.15

vat%=1.15-1

vat/100=0.15

vat=0.15×100=15%