A gross price including 19 percent VAT is 119 euros. What is the net price?
Answer and explanation
Correct answer: B. 100 euros
- Step 1: The gross price is 119 percent of the net price. Step 2. 119 / 1.19 = 100 euros. Answer: 100 euros. Why not the others: subtracting 19 percent of 119 gives 96.39, so these values are wrong.
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