Question

A company paid 25,200 electricity bill to NEPA . the bill included VAT at 5%Calculate the amount of the VAT paid

Answer 1

Step-by-step explanation:

To work out a price including the standard rate of VAT (20%), multiply the price excluding VAT by 1.2. To work out a price including the reduced rate of VAT (5%), multiply the price excluding VAT by 1.05.