Question

Write the formula to evaluate the rate of VAT (V%) if

selling price with VAT is Rs. x and selling price without
VAT is Rs. y.

help.

Answer 1

V% = (100(x - y)/x)%

Explanation:

We are given;

Selling price with VAT = Rs. x

Selling price without VAT = Rs. y.

Thus; VAT = Rs. (x - y)

Rate of VAT(V%) = ((x - y)/x) × 100%

= (100(x - y)/x)%