the marked price of a watch is rs 2700.If allowing 2V% discount on the marked price and adding V% vat, the value of the watch will be rs 2376.Find the rate of vat.
The answer is 24% Step one: given data The marked price of a watch is Rs.2700 The value of the watch after adding VAT is Rs.2376 let us find the discount = 2700-2376 =324 then the percentage discount is =324/2700*100 =0.12*100 =12%