Question

Wayne bought an engagement ring for Tracy. The total cost of the ring was £420 plus VAT at 17

Answer 1

To calculate the total cost of the engagement ring including VAT at 17%, first find the VAT by multiplying £420 by 0.17 to get £71.40. Then, add this VAT to the original cost to arrive at the total cost of £491.40.

Step-by-step explanation:

Wayne bought an engagement ring for Tracy. The total cost of the ring was £420 plus VAT at 17%. To calculate the total cost including VAT, you can use the following steps:

1. Find the amount of VAT by calculating 17% of £420.
2. Add the VAT to the original cost to get the total cost.

To find 17% of £420, multiply £420 by 0.17:

£420 × 0.17 = £71.40

Now, add the VAT to the original cost:

£420 + £71.40 = £491.40

So, the total cost of the engagement ring including VAT is £491.40.