2013年10月27日星期日

If a coat costs £58.75 including VAT (17.5%), what is the cost of the item minus VAT?

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If an item costs £58.75 including VAT at a rate of 17.5%, what is the cost of the item excluding VAT?


I got 2 answers for this. My answer hours ago was £41.25 (left no workings out) but now I have an answer of £48.47. Which one is correct?

If a coat costs £58.75 including VAT (17.5%), what is the cost of the item minus VAT?

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