Question

A compact disc player costs £50 plus 17 1/2 % VAT.

Calculate the total cost of the compact disc player.

Answer 1

£58.75

Explanation:

Given data

Cost = £50

VAT= 17 1/2%= 17.5%

Let us find the amount of the VAT

=17.5/100*50

=0.175*50

= £8.75

Hence the total cost of the compact disk is

=50+ 8.75

=£58.75