Question

A man buys a washing machine whose price VAT (value added Tax ) is Birr 175. lts VAT is charged at 15 % ,how much did the man actually pay?​

Answer 1

9514 1404 393

Answer:

Birr 1341.67

Explanation:

The tax is 15% of the price (p), so we have ...

0.15p = 175

p = 175/0.15 = 1166.67

When the tax is added, the total comes to ...

1166.67 +175 = 1341.67

The man actually paid Birr 1341.67.