Question

In sweden, vat is at 25%. ella buys a hat in sweden for 50 sek( swedish krona). find the vat paid by ella.

Answer 1

If Ella buys a hat in Sweden for 50 SEK with 25% VAT, then the VAT paid by Ella is 12.5 SEK

A Value-Added Tax (VAT) is a consumption tax assessed on the value added in each production stage of a good or service

Given,

The price of hat = 50 SEK

VAT =25%

The amount paid as VAT= $50(\frac{25}{100})$

=12.5 SEK

Hence, If Ella buys a hat in Sweden for 50 SEK with 25% VAT, then the VAT paid by Ella is 12.5 SEK

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