Question 1055283
A second hand car cost 450,000 including vat at 4 and half percent (a) find the cost of the car excluding vat (b) find the vat to the nearest naira
a)<pre>With cost of car being C, we get: {{{highlight(1.045/1 = "$450,000"/C)}}}. Solve for C, the car's cost.
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b)<pre>Subtract the cost of the car (C) from the TOTAL COST ($450,000) to get the VAT
OR
With VAT being V, we get: {{{highlight(1.045/.045 = "$450,000"/V)}}}. Solve for V, the VAT.