Pregunta
10. A coat costs R228 before VAT is added. What is the cost of the coat, including \( 14 \% \) VAT? Round off your answer to the nearest rand.
Ask by Parry Norris. in South Africa
Feb 03,2025
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The cost of the coat, including 14% VAT, is R260.
Solución
Calculate or simplify the expression \( 228 * (1 + 0.14) \).
Calculate the value by following steps:
- step0: Calculate:
\(228\left(1+0.14\right)\)
- step1: Add the numbers:
\(228\times 1.14\)
- step2: Multiply the numbers:
\(259.92\)
The cost of the coat, including 14% VAT, is R259.92. Rounding off to the nearest rand, the cost of the coat is R260.
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Simplifique esta solución Beyond the Answer
To calculate the total cost of the coat including VAT, you need to multiply the original price by \( 1 + 0.14 \) (which accounts for the 14% VAT). So, R228 × 1.14 = R259.92. Rounding off this amount gives us R260. It's interesting to note that VAT (Value Added Tax) was first introduced in France in 1954 as a way to make tax collection less burdensome and to ensure that all parts of production were taxed fairly. Many countries have since adopted VAT, making it a common practice globally!
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