Question

an aston martin vanquish costs £100,000. if i had to pay VAT (value added tax) on top of this it will cosy me 17% more! how much money am i paying in tax?work it out

Answer 1

if we take £100,000 as the 100%, then, the VAT will be 17% of that, well
how much is 17% of £100,000 ?


`\bf \begin{array}{ccllll} amount&\%\\ \textendash\textendash\textendash\textendash\textendash\textendash&\textendash\textendash\textendash\textendash\textendash\textendash\\ 100,000&100\\ x&17 \end{array}\implies \cfrac{100,000}{x}=\cfrac{100}{17}`

solve for "x"