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The marked price of an article is rs 10000 . If he discounted rate and VAT rate are equal and the price with VAT is 9900 find the vat rate .​

Sagot :

anuksha0456

The rate of  VAT is 10%.

In the question, we are asked to find the VAT rate, given that the market price of an article is Rs. 10000, the rate of discount and the rate of VAT are equal, and the price after VAT is Rs. 9900.

We assume the rate of discount and the rate of VAT to be r%.

Thus, discount = r% of Rs. 10000 = Rs. r/100 * 10000 = Rs. 100r.

Thus, the price after discount = Rs. 10000 - 100r = Rs. 100(100 - r)

Then, VAT = r% of (Rs. 100(100 - r)) = Rs. r/100 * 100(100 - r) = Rs. r(100 - r).

Thus, the price after VAT = Rs. 100(100 - r) + Rs. r(100 - r) = Rs. (100 + r)(100 - r).

The price after VAT is given to be Rs. 9900.

Thus, (100 + r)(100 - r) = 9900,

or, 100² - r² = 9900,

or, r² = 100² - 9900,

or, r² = 10000 - 9900 = 100,

or, r = ±√100 = ±10.

Since r is the rate of VAT, it cannot be negative, making r = 10.

Thus, the rate of  VAT is 10%.

Learn more about VAT at

https://brainly.com/question/17207021

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