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Finding the exVAT price
\nrebelmaths
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\nThe price before including VAT is 100%.
\nThe price after including VAT of $\\var{VAT}$% is $\\var{VATa}$%
\nTherefore, to get the price before VAT (100%), we divide by $\\var{VATa}$ and multiply by 100.
\n$\\frac{\\var{price}}{ \\var{VATa}} \\times 100 = £\\var{dpformat(ans,2)}$
\n\n(Alternative method: this is the same as simply dividing by $\\var{VATa/100}$. So our answer is $£\\var{price} \\div \\var{VATa/100} = £\\var{dpformat(ans,2)}$
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\n£[[0]]
", "showFeedbackIcon": true, "customMarkingAlgorithm": "", "scripts": {}, "steps": [{"prompt": "The price includes VAT already, so the $\\var{VAT}$% has already been added on. So the price of £$\\var{price}$ corresponds to $(100 + \\var{VAT})\\% = \\var{100+VAT}\\%$. One method is to find 1% first and then 100%.
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", "type": "question", "contributors": [{"name": "TEAME CIT", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/591/"}, {"name": "Simon Thomas", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3148/"}]}]}], "contributors": [{"name": "TEAME CIT", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/591/"}, {"name": "Simon Thomas", "profile_url": "https://numbas.mathcentre.ac.uk/accounts/profile/3148/"}]}