Question

Caculate the VAT inclusive amount for R42,42​

Answer 1

Answer: R47.66

Explanation:

Assuming this amount of R42.42 is Indian Rupees, then the relevant VAT rate to use is 12.36% which is the VAT rate in India.

The VAT inclusive amount is therefore:

= 42.42 * ( 1 + tax rate)

= 42.42 * ( 1 + 12.36%)

= R47.66