If the bill amount of an item of cost price ₹ 1975 is ₹ 2187, then the VAT paid on this item is

₹ 212

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₹ 223

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₹ 195

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₹ 365

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Solution

The correct option is A ₹ 212
Given,
Bill amount of the item = ₹ 2187
Cost price of the item = ₹ 1975

Now, we know that the bill amount includes the amount of VAT paid and the cost price of the item.

Hence,
Bill amount = Cost price + VAT
₹ 2187 = ₹ 1975 + VAT paid
VAT = ₹ 2187 - ₹ 1975
VAT = ₹ 212

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