Question

billy buys a fridge. VAT at the rate of 20% is applied to the price of the fridge. Billy pays a total price of £480 for the fridge. work out the price of the fridge before VAT

Answer 1

Answer:

2400

Step-by-step explanation:

let the price of fridge is x

x × 20 ÷100 = 480

20x = 48000

x = 48000 ÷ 20

x = 2400

Answer 2

The price of the fridge before VAT is £400.

Step-by-step explanation:

Consider x be the original price of fridge ( in pounds ).

VAT rate = 20%

Thus, the price of fridge after applying VAT = (100+20)% of original price of fridge

$=120\%\text{ of }x$

$=\frac{120x}{100}$

$=\frac{6x}{5}$

According to the question,

     $\frac{6x}{5}=480$

     $6x=2400$

$\implies x = \frac{2400}{6}=400$

Therefore, the price of the fridge before VAT is £400.

#Learn more:

A fridge costs ₹17280 inclusive of VAT at the rate of 8%.find the cost of fridge before VAT was added.

https://brainly.in/question/12174850