Answer:
Cost of rice cooker without VAT = Rs 3600
VAT amount = Rs 468
Explanation:
Given:
- Cost of rice cooker with 13% VAT = Rs 4,068
- VAT = 13%=0.13
To calculate:
- Cost of rice cooker without VAT
Calculation:
we know that:
Cost of rice cooker with 13% VAT = Cost price + Vat% of Cost of rice cooker
Rs 4,068= Cost Price*(1+Vat%)
Rs 4,068 = Cost Price*(1+0.13)
Rs 4,068 = Cost Price*(1.13)
Dividing both side by 1.13
Cost Price =

Cost Price of rice cooker without VAT= Rs 3,600
Note: Here Cost of rice cooker is Selling Cost of rice cooker
Now
Vat amount = Vat % of cost of rice cooker
=0.13*Rs 3,600
=Rs 468
Therefore, Vat amount is Rs 468.