Invoice for Rs 492650/- is inclusive of 14.5% VAT. Pl calculate Basic Rate for

Invoice for Rs 492650/- is inclusive of 14.5% VAT. Pl
calculate Basic Rate for the material.

Question Posted / sankeerthana

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Invoice for Rs 492650/- is inclusive of 14.5% VAT. Pl calculate Basic Rate for the material...

Answer / h.r. sreepada bhagi

Assuming that the Invoice value of Rs.492650/- includes the
Basic Price & VAT - Basic value of the material is
Rs.430262/- & VAT @14.5% is Rs.62388/-.

Formula is - 492650 / 114.5 x 100 = 430262/-
492650 - 430262 or 492650 / 114.5 x 14.5 = 62388/-

Is This Answer Correct ?

134 Yes

22 No

Invoice for Rs 492650/- is inclusive of 14.5% VAT. Pl calculate Basic Rate for the material...

Answer / amit

Invoice value of Rs.492650/- includes the
Basic Price Rs.430262/-.

Working Note :- - 492650 / 114.5 x 100 = 430262/-

Is This Answer Correct ?

77 Yes

12 No

Invoice for Rs 492650/- is inclusive of 14.5% VAT. Pl calculate Basic Rate for the material...

Answer / nikhil

Working Note:--492650/1.145= 430262

Is This Answer Correct ?

32 Yes

4 No

Invoice for Rs 492650/- is inclusive of 14.5% VAT. Pl calculate Basic Rate for the material...

Answer / jabir ali

492650/(14.5/100+1)=430262

Is This Answer Correct ?

3 Yes

0 No

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