EXAMPLE:
Work out, to the nearest penny:
6% of 12.99
to the nearest penny.
Percentage increase and
decrease.
Find the given
percentage then ‘add on’ for ‘increase’ or ‘subtract’ for ‘decrease’
EXAMPLE:
Increase £70 by 10%
10% of 70 = 70 ÷ 10
= 7
Decrease £90 by 20%
20% of 90 = (90 ÷ 10)
× 2
= 18
VAT is Added Tax. It is extra money that must be paid
when buying many goods. The money is used by the Government to help run the
country. It is usually 17.5%.
EXAMPLE:
A printer cost £250 + VAT. If VAT
is 17.5%, work out how
much the printer costs altogether.
17.5% of 250 = (250 ÷ 100) × 17.5 = 43.75
add the tax printer cost
250 + 43.75 = £293.75.
Tasks to the lesson 7
Other lessons:
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