A colour TV is available for Rs. $13440$ inclusive of VAT. If the original cost of TV is RS. $12000$ , find the rate of VAT.

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Solution

total cost=13440
originalcost=12000
now $v a t = \frac{13440 - 12000}{13440} * 100 = \frac{1440}{13440} * 100 = 10.7$

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