Q9 of 94 Page 139

Rohit purchased a pair of shoes for Rs. 882 inclusive of VAT. If the original cost be Rs. 840, find the rate of VAT.

Selling Price = Rs.882


Original Price = Rs.840


VAT Amount = 882- 840


= Rs.42


VAT % = (VAT Amount/Original Price) × 100


= (42/840) × 100


= 5%


So, Rate of VAT is 5%


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