ABSTRACT
EXAMPLE 1 If a consumer’s unit with a main switch was quoted by the suppliers as costing £53.85 plus VAT. Calculate the cost of the item including VAT
VAT on item = 53.85 × 17.5 100
= 9.42
Item including VAT £53.85 + £9.42 = £63.27 or enter on calculator 53.85 × 17.5% (9.423) + (63.27)(
Figures in brackets are the answers that you will get.
