Question

The selling price of a fan excluding VAT is Rs 1250. It is given that the VAT rate is 15 %. Find the price of the fan inclusive of VAT.

Answer 1

Rs 1,437.5

Explanation:

VAT = 15% = 15/100 × Rs 1250 = Rs 187.5

the price inclusive of VAT = Rs 1,250 + Rs 187.5

= Rs 1,437.5