Question

A TV cost £940 including 17.5% VAT. find the new price if VAT is reduced to 8%.

Answer 1

Let its price without VAT be x.

then ATQ 
1.175x=940
x=940/1.175
we need to find 1.08x
ans = 940*1.08/1.175
= 864

Answer 2

Hope it is helpful....