What is the price of an article costing Rs. 1400 after levying 13% VAT. Find it.
1 Answer
Given,
Selling price(SP) = Rs. 1400
Rate of VAT = 13%
To find, SP with VAT
By formula,
SP with VAT = SP+VAT% of SP
= Rs.1400+13% of Rs. 1400
= \(Rs.1400+\frac{13}{100}\times1400\)
= Rs.1400 + Rs. 182
= Rs.1582
Therefore, Selling price with VAT is Rs.1582.
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