Question

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

Answer 1

Explanation:

Step 1: Find the TV price:

£1200×(100%+20%)= £1440

Step 2: Find the final price Harry have to pay:

since he deposited £300 so the ammout he have to pay is:

£1440 - £300 = £1140

Step 3: Find the monthly payment

in this case he pays equally every month so we take the ammount he has to pay devided by 10 months

£1140÷10=£114

Conclusion: He has to pay £114 every month