The total amount is £720 when £600 is added to 20% VAT.
How was the calculation done?
The following calculation is used to achieve the figure above.
- Let’s start with a figure of £600
- The result of dividing £600 by 100 is £6
- A figure of £720 is obtained by multiplying the £5 by 100, adding 20% VAT, and then adding the £5.