How do you calculate the VAT from the MRP and VAT rate?
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For example, if you have a bottle of Pepsi with MRP Rs 25, and the VAT rate on soft drinks is 20%, what is the VAT actually paid by the consumer?
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Answer:
Apply following calculation Sale Price MRP 25 VAT Rate 20% VAT included in MRP 25*20/125 It will come 4
Varun at Yahoo! Answers Visit the source
Other answers
25/120*20= 4.1667
amit
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