If you could please confirm if my answer is correct or not from the picture above.
I got my final answer to be €37,260.00
Any confirmation or corrections appreciated. Jake
I worked out a different answer, slightly lower. My method was to work out the price of the car excluding 17.5% VAT Then add on the VAT rate 24% onto the ex VAT price I just worked out.
I worked out a different answer, slightly lower. My method was to work out the price of the car excluding 17.5% VAT Then add on the VAT rate 24% onto the ex VAT price I just worked out.
What do you make the ex VAT price to be?
I don't it differently, not sure whether my method was correct.
I done
24-17 1/2 = 6.5
Then added 6.5% of vat to the nearest €10 to the old price with the old vat.
I don't it differently, not sure whether my method was correct.
I done
24-17 1/2 = 6.5
Then added 6.5% of vat to the nearest €10 to the old price with the old vat.
Think of it this way: You have 1.175 times your original price before VAT. Using your method, you add 6.5% of 1.175 times your original price. This gets you to 1.065*1.175 times, or 1.251 times your original price, not 1.24.