To find the VAT percentage, you need to follow these steps:

1. First, find the amount of VAT charged. This can be done by subtracting the cost of the bicycle excluding VAT from the cost including VAT.

So, R1 753.75 (including VAT) - R1 525.00 (excluding VAT) = R228.75 (VAT amount)

2. Next, to find the VAT percentage, you divide the VAT amount by the cost excluding VAT and then multiply by 100 to get the percentage.

So, (R228.75 / R1 525.00) * 100 = 15%

Therefore, the VAT charged is 15%, so the answer is A.15%.

Question

To find the VAT percentage, you need to follow these steps:

1. First, find the amount of VAT charged. This can be done by subtracting the cost of the bicycle excluding VAT from the cost including VAT.

So, R1 753.75 (including VAT) - R1 525.00 (excluding VAT) = R228.75 (VAT amount)

2. Next, to find the VAT percentage, you divide the VAT amount by the cost excluding VAT and then multiply by 100 to get the percentage.

So, (R228.75 / R1 525.00) * 100 = 15%

Therefore, the VAT charged is 15%, so the answer is A.15%.

Knowee AI · Accepted Answer

To find the VAT percentage, you need to follow these steps:

1. First, find the amount of VAT charged. This can be done by subtracting the cost of the bicycle excluding VAT from the cost including VAT.

So, R1 753.75 (including VAT) - R1 525.00 (excluding VAT) = R228.75 (VAT amount)

2. Next, to find the VAT percentage, you divide the VAT amount by the cost excluding VAT and then multiply by 100 to get the percentage.

So, (R228.75 / R1 525.00) * 100 = 15%

Therefore, the VAT charged is 15%, so the answer is A.15%.

Suppose a racing bicycle costs R1 525.00 excluding VAT and R1 753.75 including VAT. What is the percentage of VAT charged? A.15%B.13%C.14%D.11%