If the price of a dress is TK. 200 that includes 15% VAT, then what is the amount of VAT ?
If the price of a dress is TK. 200 that includes 15% VAT, then what is the amount of VAT ? Correct Answer TK. 26.09
Let the price excluding VAT be A. So, A + 15% of A = 200 or, A + 0.15A = 200 or, 1.15A = 200 or, A = 200/1.15 = 173.91 TK So, VAT = 200 - 173.91 = 26.09 TK
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Feb 20, 2025