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27 February, 18:53

The sale price of a drum kit in the UK is 950 Pounds + VAT (Value Added Tax), where VAT is a sales tax of 20%. After some negotiation, the owner of the store agrees to give Bob a 12% discount on the drum kit. What is the total price that Bob pays, including VAT? Answer in Pounds and round your answer to the nearest pence (1 pence=1100Pound). Note: VAT is a sales tax that gets calculated before a discount is applied.

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  1. 27 February, 19:21
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    Step-by-step explanation:

    Sale price = 950 pounds + vat

    Vat = 20%

    Value vat = 20/10 * 950 = 190 pounds.

    Since the vat is calculated before a discount is applied, it means that the amount on which the discount was applied is

    950 pounds

    The value of the discount would be

    12/100 * 950 = 114 pounds

    The amount to be paid including vat is

    (950 - 114) + 190 = 1026 pounds
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