When the vat rate is 15% a customer pays 1610 to buy an electric iron .find the cost of the iron without vat (solve by video)
1 answer:
Answer:
Cost without vat is 1,368.5
Step-by-step explanation:
Here, we want to know the cost of the iron without the vat.
From the question , we can see that 15% VAT brought the cost to 1610.
This means that the original cost without vat is 100% -15% = 85% of the total
Thus;
85/100 * 1610 is the cost without vat
And that is;
136850/100 = 1,368.5
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