Question

Harry buys a TV priced at £1200 plus 20% VAT.

Answer 1

Answer:

£ 114

Step-by-step explanation:

From the question given above, the following data were obtained:

Price of TV = £ 1200

VAT = 20%

Amount paid = £ 300

Amount paid monthly =.?

Next, we shall determine the VAT. This can be obtained as follow:

VAT = 20% of price of TV

VAT = 20/100 × 1200

VAT = £ 240

Next, we shall determine the total cost of the TV. This can be obtained as follow:

Price of TV = £ 1200

VAT = £ 240

Total cost of TV =?

Total cost = Price + VAT

Total cost = 1200 + 240

Total cost = £ 1440

Next, we shall determine the balance amount he needs to pay. This can be obtained as follow:

Total cost = £ 1440

Amount paid = £ 300

Balance amount =?

Balance = Total cost – Amount paid

Balance = 1440 – 300

Balance = £ 1140

Finally, we shall determine the amount Harry will pay month.

Balance Amount = £ 1140

Number of months = 10

Amount paid monthly =.?

Amount paid monthly = Balance / number of month

Amount paid monthly = 1140 / 10

Amount paid monthly = £ 114

Therefore, Harry will pay £ 114 monthly.