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3 years ago

Ireland has a 23% VAT (value-added tax, similar to a sales tax). How much will the VAT be on a purchase of a €250 item?

Mathematics

2 answers:

rjkz [21]3 years ago

7 0

Answer: The amount of VAT on a purchase of an item is $57.5.

Step-by-step explanation:

Since we have given that

Cost of item = $250

we need to find the amount of VAT.

Rate of VAT = 23%

So, amount of VAT would be

$\dfrac{23}{100}\times 250\\\\=0.23\times 250\\\\=\$57.5$

Hence, The amount of VAT on a purchase of an item is $57.5.

Maurinko [17]3 years ago

5 0

€250 x 1.23 (123%) = €307.50

:)

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The picture of the question in the attached figure

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