Question

A bill originally amounting Rs 1550, now amounts to Rs 1736 after adding VAT. Find the VAT rate.kaabil original amounting ​

Answer 1

Answer: 12%

Explanation:

Original amount = Rs 1550

VAT = Rs 1736 - Rs 1550 = Rs 186

VAT rate = VAT/Original amount × 100

= 186/1550 × 100

= 18600/1550

= 12%

Therefore, the VAT rate is 12%.

Check:

= Rs 1550 + (12% × Rs 1550)

= Rs 1550 + $186

= Rs 1736