What is the amount of VAT (at a rate of 171 2 %) which must be paid on an imported computer game costing £16.00?
(b) A visitor to this country buys a souvenir costing £27.50 including VAT at 171 2
%. How much
VAT can be reclaimed?
(c) At the end of 1999 you bought shares in a company for £100. During 2000 the shares increased in value by 10%. During 2001 the shares decreased in value by 10%. How much were the shares worth at the end of 2001?
(Give your answers to the nearest penny.)
+36923 1 Is there a decimal point in this 171 2 % somewhere? I will assume 17.12%
17.12/100% x £16.00 = £ 2.74 tax
2 100(1.1)(.9) =£ 99.00
