A colour TV is available for Rs 13440 inclusive VAT. If the original cost of TV is Rs 12000, find the rate of VAT.

Explanation

To find the rate of VAT on the color TV, we can follow these steps:

### Step 1: Identify the given values
- Selling Price (SP) = Rs 13,440 (inclusive of VAT)
- Cost Price (CP) = Rs 12,000

### Step 2: Calculate the VAT amount
To find the VAT amount, we need to subtract the Cost Price from the Selling Price.
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