A clock cost R179 excluding VAT. if VAT is charged at 14% determined the price of the clock including VAT

Question

asked May 15, 2022 15.0k views

1 Answer

Daniel Wood · Answer 1 · 2022-05-19T09:26:15+0000

Answer: R204.06

Explanation:

Cost of clock = R179

Value Added Tax = 14%

The price of the clock will be the addition of the cost of the clock and the value added tax. This will be:

= R179 + (14% × R179)

= R179 + (0.14 × R179)

= R179 + R25.06

= R204.06

Therefore, the price of the clock is R204.06.