A bill originally amounting Rs 1550, now amounts to Rs 1736 after adding VAT. Find the VAT rate.kaabil original amounting
1 answer:
Answer: 12%
Step-by-step 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
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