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Divid purchased a pair of shoes for Rs 4...

Divid purchased a pair of shoes for Rs 441 including value added tax. If the sales price of the shoes is Rs 420, Find the rate of value added tax.

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VAT = Percentage of Purchase Price - Sale Price
Purchase Price - Sale Price`=441 - 420 = 21`
Percentage of `21` from `420`
`=(21/420) xx 100`
`=(1/20)xx 100`
`=100/20`
`=5`
Hence, the rate of VAT is 5%.
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