Certainly! Let's break down the problem into a step-by-step solution:
1. Determine the price of each book including VAT:
- The original price of each book is £7.60.
- The VAT rate is 17.5%.
To find the price of each book including VAT, we need to add the VAT to the original price. This can be done by calculating 17.5% of £7.60 and then adding it to the original price.
2. Calculate the VAT amount for one book:
- VAT amount = £7.60 (17.5 / 100)
- VAT amount ≈ £7.60 0.175
- VAT amount ≈ £1.33
3. Add the VAT amount to the original price of one book:
- Price including VAT = £7.60 + £1.33
- Price including VAT ≈ £8.93
4. Calculate the total money received for 1650 books:
- If one book including VAT costs approximately £8.93, for 1650 books, the total money received is:
- Total money received ≈ £8.93 * 1650
- Total money received ≈ £14,734.50
So, Alistair receives approximately £14,734.50 after selling 1650 books with the price including VAT.
