Question

A chair costs Gh¢ 400000 plus 12.5% VAT. How much does the customer pay?

Answer 1

Step-by-step explanation:

12.5% of 4,00,000 =

$\frac{12.5}{100} \times 400000$

= 50,000

So, the VAT is ¢ 50,000

The amount the customer paid = 4,00,000 + 50,000

= ¢ 4,50,000