Given:
Cost of an item with VAT = Rs 1,356
Cost of that item without VAT = Rs 1,200.
To find:
The VAT.
Solution:
We have,
Cost of an item with VAT = Rs 1,356
Cost of that item without VAT = Rs 1,200.
We know that,
VAT = Cost of an item with VAT - Cost of that item without VAT
= 1356 - 1200
= 156
Therefore, the value of VAT is $156.
