Question

The marked price of a watch is Rs.2700. If the percentage of discount given on marked price is twice of the percentage of VAT and the value of the watch after adding VAT is Rs.2376.Find the rate of VAT

Answer 1

24%

Explanation:

Step one:

given data

The marked price of a watch is Rs.2700

The value of the watch after adding VAT is Rs.2376

let us find the discount

= 2700-2376

=324

then the percentage discount is

=324/2700*100

=0.12*100

=12%

The VAT is twice the discount, the VAT is 12*2= 24%