A grocery store chain has advertised that they have cut the VAT on fruits and vegetables down to %. On the shelf in the store, the price is written incl. VAT, but it is removed at the register. The VAT for foods is %. If you buy apples for including VAT, what will you eventually pay at the register?
You know that when you have a percentage of , the growth factor will be . We use this to find the price of the item without VAT.
The apples will cost $ without VAT.