Question

a man buys a washing machine who price VAT(value added tax) is birr 175.its VAT is charged at 15% how much did the man actually pay?​

Answer 1

He actually paid a sum of $201.25

Explanation:

We simply add the vat value to the cost of the machine

Mathematically, that’s (

175 + 15% of 175

= 175 + (15/100 * 175)

= 175 + 26.25

= $201.25