Question

A laptop is bought for $1380 VAT inclusive. If VAT was charged at 15%, what

is the price of the laptop exclusive of VAT?

Answer 1

vat=15%

selling price with vat=$1380

selling price with out vat=?

we have

selling price with vat=$1380

selling price with out vat+vat%of selling price with out vat =$1380

selling price with out vat(1+15/100)=$1380

selling price with out vat=$1380/1.15=$1200