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A Belgian key-cutter charges , plus in VAT, for every key cut. What percentage VAT is being charged?
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Q. A Belgian key-cutter charges , plus in VAT, for every key cut. What percentage VAT is being charged?
- Identify total cost and VAT: Identify the total cost and the VAT amount.The total cost for cutting one key is €, and the VAT amount is €.
- Calculate base cost: Calculate the base cost before VAT.The base cost before VAT is the total cost minus the VAT amount.Base cost Base cost Base cost
- Calculate VAT percentage: Calculate the VAT percentage.The VAT percentage is the VAT amount divided by the base cost, then multiplied by to convert it to a percentage.VAT percentage = VAT percentage = VAT percentage
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