If the value added tax (VAT) rate is 15%, how much is the VAT to the nearest paisa on a purchase of a pair of slippers at a VAT-inclusive price of Tk. 83?

A Tk. 41.15

B Tk. 47.33

C Tk. 45.42

D Tk. 54.42

Solution

Correct Answer: Option B

here, vat 15% if the price of a product is 100 tk than with vat price is = (100+15) tk =115 tk if with vat price 115 tk then vat is 15 tk if with vat price 1 tk then vat is 15/115 tk if with vat price 362.83 tk then vat is 15 x 362.83/115 tk= 47.33 tk

Solution

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