Question

Karen gets a gas bill. The cost of the gas before the VAT was added was £361.20.
VAT is charged at 5% on domestic fuel bills.
What was the cost of the gas bill, including VAT?

Answer 1

The cost of gas bill including VAT is 379.26.

What is VAT?

Value-Added Tax (VAT) is a tax, which is payable on sales of goods or services within the territory of the Member States of the EU.

Given:

Cost of the gas before the VAT was added was £361.20.

VAT = 5%

Thus, cost of bill including VAT is

=361.20.*1.05

=379.26.

Learn more about VAT here:

https://brainly.com/question/20628016

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