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29 October, 09:11

On Germany, Vat is at 19%. Jeremy buys a calculator in Germany for €58.31 This price includes VAT. Find the amount of Vat paid by Jerrmy

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Answers (2)
  1. 29 October, 10:03
    0
    We can use this equation to solve this problem:

    t = p + (p ⋅ r)

    Where:

    t = is the total price paid: 58.31 for this problem

    p = is the price before taxes: What we are solving for in this problem.

    r = is the tax or VAT rate: 19% for this problem. "Percent" or "%" means "out of 100" or "per 100", Therefore 19% can be written as

    19/100

    or

    0.19

    .

    Substituting and solving for

    p gives:

    58.31 = p + (p ⋅ 0.19)

    58.31 = 1p + 0.19p

    58.31 = (1 + 0.19) p

    58.31 = 1.19p

    58.31/1.19 = 1.19p/1.19

    p = 49

    Now, the tax paid is 58.31 - 49 which is 9.31.
  2. 29 October, 10:27
    0
    Cost of Calculator = €58.31

    VAT = 19%

    So,

    58.31 * 19% = 58.31 * 19 / 100

    = €11.07

    Therefore, the amount of VAT paid by Jerrmy is €11.07.
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