VAT

In the country XYZ car, Daewoo Leganza costs 3748 Euros including VAT; 3335.72 Eur without VAT.

a) Determine the rate of VAT.
b) How much is Euro VAT paid on the purchase?
c) How much percent of the total price of the goods is VAT?

VAT = value added tax.

Correct answer:

a =  12.36 %
b =  412.28 Eur
c =  11 %

Step-by-step explanation:

a=(37483335.72)/3335.72 100=12.36%
b=37483335.72=412.28 Eur
c=(37483335.72)/3748 100=11%



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