VAT

VAT is a tax that raises the price of goods and services for final consumers. VAT in Slovakia is 20%. Calculate by what percentage less tax do residents of Japonska pay when their VAT rate is only 5%.

Final Answer:

p =  14.29 %

Step-by-step explanation:

r1=100%+20%=1+10020=1.2 r2=100%+5%=1+1005=1.05  r=r2r1r2=1.051.21.05=710.1429  p=100 r=100 0.1429=14.29%



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