question_answer

A colour TV is available for Rs. 26880 inclusive of VAT. If the original cost of the TV is Rs. 24,000, find the rate of VAT.

Answer:

Let the rate of VAT = x%

Then            \[24000+\text{ }x%\text{ }of\text{ }24000=26880\]

or                    \[\frac{x}{100}\times 24000=26880-24000\]

or                     \[240x=2880\]

\[x=\frac{2880}{240}=12\]

Therefore,                Rate of VAT = 12%