Question

Petra booked a family holiday.

The total cost of the holiday was £3500 plus VAT 20%.
Petra paid £900 of the total cost when she booked the holiday. She paid the rest of the total cost in 6 equal monthly payments. Work out the amount of each monthly payment

........?...........Months


Plzz do it, due tomorrow!!!

Answer 1

3500 x 120% = 4200
4200 - 900 = 3300
3300 ÷ 6 = 550 <<< answer

hope it helps!

Answer 2

£ 550

Explanation:

Given,

The original cost of the holiday = £ 3500,

The percentage of VAT = 20%,

Thus, the amount of VAT = 20% of original cost

= 20% of 3500

`=(20* 3500)/(100)`

`=(70000)/(100)`

= £ 700

∴ Total cost of the holiday = original cost + amount of the VAT

= 3500 + 700 = £ 4200

The amount already paid = £ 900,

So, the remaining amount have to pay = 4200 - 900 = £ 3300,

If this amount paid in 6 equal monthly payment,

Then the monthly payment =
`\frac{\text{Remaining amount}}{6}`

`=(3300)/(6)`

= £ 550