Question

Harry buys a TV price at £1200 plus 20% VAT. He pays £300 deposit and the balance in ten equal monthly payments. Calculate each monthly payment.

Answer 1

Answer:

20% of 1200 = 240

so total price is 1200+220=1440

he pays 300 deposit

so, 1440-300=1140

now 1140 must be paid in 10 installements equally

1140/10=114

114 is the answer