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

Question

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

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Mộc Miên 3 years 2021-08-14T04:35:07+00:00 1 Answers 74 views 0

Answers ( )

    1
    2021-08-14T04:36:44+00:00

    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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