Building work costs £8500 + VAT. VAT is 20% Work out the total cost?
1 answer:
Answer:
Given, Work cost=£8500
VAT=20%
So VAT= 20% of £8500
20% of 8500 is the VAT
So, Vat= 20/100*8500
= 20/1*85
= 20*85
= 1700
So the VAT to be added on the work cost is £1700
<em>Total cost= Work Cost + VAT</em>
<em>Total cost= £8500+£1700</em>
<em> = £10200</em>
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