Answered

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I want to buy a new device. It costs £300 before VAT (Value Added Tax). VAT for the device is 20%. How much is the device in total?

Sagot :

Abiolataiwo2015idn

Based on the information given the amount of the device in total is £360.

Value added tax:

Using this formula

Total cost=Cost price+(Cost price× Value added tax)

Where:

Cost price=£300

Value added tax=20%

Let plug in the formula

Total cost=£300+(£300×20%)

Total cost=£300+£60

Total cost=£360

Inconclusion the amount of the device in total is £360.

Learn more about value added tax here:https://brainly.com/question/20392481

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