Slovakia's 65524

Slovakia's VAT rate is reduced to 10% on some goods (e.g., books, textbooks, and medicines). Normal VAT is 20%.
How much would we pay for a book that cost 69.00 euros if we didn't have to pay VAT?

Correct answer:

x =  62.7273 eur

Step-by-step explanation:

q=100%+10%=1+10010=1.1  x q=69.00 x 1.1=69.00  1.1x=69  x=1.169=62.72727273  x=1169062.727273=62.7273 eur

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