Before adding VAT at 21%, an item's cost is Rs 200. Calculate the total cost after VAT is added.

Asked by Topperlearning User | 4th Jun, 2014, 01:23: PM

Expert Answer:

 

Total cost with VAT

= cost without VAT + 21% of cost without VAT

= Rs {200 + (0.21 x 200)}

 

= Rs (200 + 42)

 

= Rs 242

 

After VAT is added, the total cost is Rs 242.

Answered by  | 4th Jun, 2014, 03:23: PM