A colour TV is available for RS. 26880 inclusive of VAT. If the original cost of the TV is Rs. 24000. Find the rate of VAT.

Answer

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

### Step 1: Identify the given values
- Selling Price (SP) inclusive of VAT = Rs. 26,880
- Cost Price (CP) = Rs. 24,000

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

\[ \text{VAT Amount} = \text{Selling Price} - \text{Cost Price} \]

Substituting the values:

\[ \text{VAT Amount} = 26,880 - 24,000 = 2,880 \]

### Step 3: Calculate the rate of VAT
The rate of VAT can be calculated using the formula:

\[ \text{Rate of VAT} = \left(\frac{\text{VAT Amount}}{\text{Cost Price}}\right) \times 100 \]

Substituting the values:

\[ \text{Rate of VAT} = \left(\frac{2,880}{24,000}\right) \times 100 \]

Calculating the fraction:

\[ \text{Rate of VAT} = 0.12 \times 100 = 12\% \]

### Final Answer
The rate of VAT on the color TV is **12%**.

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