Question

If s.p = rs 450,s.p with vat =rs 495,find vat percent​

Answer 1

The vat percent is 10%.

Given that s.p.=Rs 450 and s.p with vat =Rs  495.

We want to find Amount of VAT that is how much value added tax is imposed in the selling price.

firstly, we will find Amount of VAT by taking Selling Price (S.P) and subtract it from Selling Price with VAT.

Amount of VAT = (S.P + VAT )- S.P

Amount of VAT = Rs 495 - Rs 450

Amount if VAT = Rs 45

Now, we will find the vat percent by dividing amount of VAT with selling price and multiply with 100, we get

VAT Percent = (Amount of VAT /Selling Price)×100

VAT Percent =(45/450)×100

VAT Percent=10%

Hence, the VAT percentage is 10% when the selling price is Rs. 450 with the VAT selling price Rs 495.

Learn more about percentage from here brainly.com/question/1053881

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