To find the price of the fridge before VAT is added, we can work backwards by subtracting the VAT from the total price.
Let X be the original price of the fridge.
The price of the fridge after VAT is added is X + 20% of X, which is X + 0.2X = 1.2X.
Billy pays a total price of £480, so we can set up the equation:
1.2X = £480.
To solve for X, divide both sides of the equation by 1.2:
X = £480 / 1.2 = £400.
Therefore, the price of the fridge before the VAT is added is £400.
Billy buys a fridge
VAT a rate of 20% is applied to the price of the fridge
Billy pays a total price of £480 for the fridge
Work out the price of the fridge before the VAT is added
1 answer
1 answer