Question

1. a) The selling price of a thermos is Rs 840 and 15% VAT is charged on it.

i) Calculate the VAT amount (ii) Find the S.P. with VAT.​

Answer 1

i) ₹126

ii) ₹966

Explanation:

I) VAT amount = 840*15% = 840 *0.15 = ₹126

ii) S.P. with VAT = ₹840 + ₹ 126 = ₹966