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| *The Commerce Journal>>>Other Taxes |
Need help with math? |
in many eurpoean countries shoppers pa a value added tax (VAT) on most purcahses the VAT rate can be as high as 25% suppose that the VAT rate in a country is 25% express the direct relationship between the value added tax T and the item price P in two equivalent forms p2 = p1(1 + t) where p2 is the price plus vat and p1 is without vat for example, is the price of an item was 拢10 and the VAT on it was 17.5% p2 = 10(1+17.5%) p2 = 10(1 + 17.5/100) p2 = 10 x 1.175 p2 = 拢11.75 Sound's like school is back in session. Please do your own homework. I have no idea sorry ^_^ |
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