Question

The price of a text book including Value Added Tax(VAT) is GH22.00 if the VAT rate is 10%find the
The price of the text book excluding VAT
The VAT charged

Answer 1

Answer:

GH104.5

Step-by-step explanation:

the VAT rate is =10%

10 over 100 times GH22.00

=GH2.2+GH22=GH24.5

alternatively, the price, including VAT is equivalent to 110%(ie 100%+10

of the basic cost

110 over 100 times GH22.00=GH104.5