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Bradfordian's solution is correct. My wife is a VAT auditor (makes sign of cross and checks garlic necklace) and she has been given these same fractions to use.

McGrath, 17% is a doddle to use, (purchase price plus 10% plus half as much again plus half as much again). Musically speaking (back to subject) think of it as 10% with a double dot. Before decimalisation, 7/48 would have been a simpler fraction, (7pennies in 4 shillings, or 35 pennies[2/11d] in the pound!)

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