Asked by Diego

A gentleman purchases a vehicle for $150000 inclusive of V.A.T if the cost of the vehicle before V.A.T was $ 127500, what percentage of the cost was V.A.T
Answered by mathhelper
VAT = 150000 - 127500 = 22500
percentage of the cost = 22500/127500 = .17647
or appr 17.65%
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