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  • Dec 14, 2011, 10:55 AM
    Rabit221
    Math problem
    If the selling price of a laptop, including VAT, is 576 euro, find the price of the laptop before VAT is added on.
  • Dec 14, 2011, 03:07 PM
    ebaines
    It depends on what the VAT rate is. Let's call the VAT rate V. Then for an item priced at P the VAT is P times V, and the total amount you have to pay is:

    Total = P x (1 + V).

    For this problem you know the total is 576, so if you know the rate V you can solve for P.

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