In January 2011 the rate of VAT increased from 17.5% to 20%. Work out the difference in price of a car worth £17000 + VAT due to the increase in VAT.

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asked Nov 26, 2023 201k views

15 votes

In January 2011 the rate of VAT increased from 17.5% to 20%.

Work out the difference in price of a car worth £17000 + VAT
due to the increase in VAT.

Mathematics
college

Mwaskom asked

by Mwaskom

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Answer: Attributed to the increase in VAT, the change in cost of a car worth RS 15000+VAT is Rs 375.

Explanation:

Dondapati answered Nov 29, 2023

by Dondapati

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