Answer:
12 percent is the vat percentage.
4080 is the amount of VAT
Step-by-step explanation:
It's a pretty simple question don't stress it.
To find the amount of the vat, it's simply subtracting the price including VAT by the initial price, 34000.
38080 - 34000 = 4080
To find the percentage of vat, simply do
[tex]\frac{Price Including Vat}{Original Price} [/tex] This equation will give you the percentage of VAT.
38080/34000 = 1.12
