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Finding Sales Tax / VAT

Manoj buys a ...

Question

Manoj buys a leather coat costing Rs. 900 at Rs. 990 after paying the VAT. Calculate the VAT charged on the cost.

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Solution

Cost price of coat = Rs. 900
And sale price including VAT = Rs. 990
$∴$ Amount of VAT
=Rs. 990 - Rs. 900 = Rs. 90
$∴$ Rate of VAT $= \frac{90 \times 100}{900} = 10 %$

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