Question

the marked price of a watch is rs 2700.If allowing 2V% discount on the marked price and adding V% vat, the value of the watch will be rs 2376.Find the rate of vat.​

Answer 1

The answer is 24%
Step one:
given data
The marked price of a watch is Rs.2700
The value of the watch after adding VAT is Rs.2376
let us find the discount
= 2700-2376
=324
then the percentage discount is
=324/2700*100
=0.12*100
=12%