Question

Find the selling price of a food mixer marked £ 80 plus VAT at 15%.

Answer 1

First multiply your VAT value with your cost price

Then add the product to the cost price

Method:

Cost of mixer £80

VAT 15%

VAT price will be

=15%×80

=£12

Hence Selling Price will be

= £(80+12)

£92 Answer

hope it works

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