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Percentage increase. Percentage increase. Calculate the cost of each item. An antique lamp, bought 20 years ago for £50, has increased in value by 60%. 160% × £50. = 1.6 × £50. = £80. A jacket costing £86 requires VAT at 17.5% to be added. 117.5% × £86. = 1.175 × £86. = £101.05.
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Percentage increase Calculate the cost of each item. An antique lamp, bought 20 years ago for £50, has increased in value by 60%. 160% × £50 = 1.6 × £50 = £80 A jacket costing £86 requires VAT at 17.5% to be added. 117.5% × £86 = 1.175 × £86 = £101.05
Reverse percentages The cost of a solar panel system to heat a house, including VATat 17.5%, is £8812.50. What is the cost beforeVAT is included? What would the cost have been, including VAT, if thesystem had been purchased in November 2009 when VAT was 15% The solar panels reduce the £790 yearly heating bills by 85%. How long will it be before the system has paid for itself?