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erastova [34]
2 years ago
5

In Germany, VAT is at 19%

Mathematics
1 answer:
aleksley [76]2 years ago
6 0

Answer:

Amount of VAT paid by Jeremy is € 9.31 .

Step-by-step explanation:

As given

In Germany, VAT is at 19% .

Jeremy buys a calculator in Germany for €58.31


This price includes VAT.

Let us assume that the cost of calculator excluding tax is x .

19% is written in the decimal form .

= \frac{19}{100}

= 0.19

VAT Price = 0.19 × Cost price of calculator excluding VAT

                 = 0.19 × x

                 = 0.19x

Than

Cost of calaculator + VAT price = Cost of calculator including VAT

x + 0.19 × x = 58.31

x + 0.19x = 58.31

1.19x = 58.31

x = \frac{58.31}{1.19}

x = €49  (Approx)

Thus cost price of calculator excluding VAT is €49  .

VAT Price = 0.19 × Cost price of calculator excluding VAT

                = 0.19 × 49  

                 = € 9.31

Therefore the amount of VAT paid by Jeremy is € 9.31 .

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