Question

A furniture has a cost of $Rs.300$ excluding VAT at $20\%$. After VAT is included, what is the total cost?

• A. $Rs.300$
• B. $Rs.340$
• C. $Rs.360$
• D. $Rs.380$

Answer 1

The correct option is C $Rs.360$

VAT $=20\%$ of the cost $=\frac{20}{100}\times 300=60$

So the total cost including VAT $=300+60=360$.