Swarna paid Rs. 20 as VAT on a pair of shoes worth Rs. 250. Find the rate of VAT.

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Solution

Amount of VAT paid = Rs. 20
Price of the pair of shoes = Rs. 250
$∴$ Rate of VAT $= \frac{20 \times 100}{250} = 8 %$

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Swarna paid Rs. 20 as VAT on a pair of shoes worth Rs. 250. Find the rate of VAT.

Amount of VAT paid = Rs. 20 Price of the pair of shoes = Rs. 250 ∴ Rate of VAT =20×100250=8%

Amount of VAT paid = Rs. 20
Price of the pair of shoes = Rs. 250
$∴$ Rate of VAT $= \frac{20 \times 100}{250} = 8 %$