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1. If the price of a dress is Tk.200 that includes 15% VAT, then what is the amount of VAT?
- A. Tk.30.00
- B. Tk.30.00
- C. Tk.30.00
- D. Tk.30.00
Answer: Option B
Explanation:
Let the price excluding VAT be A.
So, A + 15% of A = 200
or, A + 0.15A = 200
or, 1.15A = 200
or, A = 200/1.15 = 173.91 TK
So, VAT = 200 - 173.91 = 26.09 TK
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