SOLUTION: Before the rise in VAT from 17.5% to 20% the price of a table was $499. To the nearest $1, what is the price of the table after the increase in VAT

Question 1143670: Before the rise in VAT from 17.5% to 20% the price of a table was $499. To the nearest $1, what is the price of the table after the increase in VAT
Answer by ikleyn(52776) (Show Source): You can put this solution on YOUR website!
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The price of the table itself (at no VAT)  is   =  = 424.68 dollars.


Then the price of the table  with 20% VAT  is  424.68*(1+0.20) = 424.68*1.20 = 509.62 dollars.



ANSWER. 510 dollars, to the nearest $1.

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