Question

A tv costs £800 plus VAT at 20%
What is the total cost of the TV?

Answer 1

£960

Explanation:

First, we calculate VAT.

20% of £800 =

= 20/100 × £800

= 0.2 × £800

= £160

VAT is £160

Now we add VAT to the cost of the TV.

£800 + £160 = £960