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    Rabit221 Posts: 1, Reputation: 1
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    #1

    Dec 14, 2011, 10:55 AM
    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.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Dec 14, 2011, 03:07 PM
    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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