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