Calculate the VAT amount that is included in the R93,57 monthly flat rate for the UNMETERED residential area
1 answer:
Answer: R12.20
Step-by-step explanation:
VAT in South Africa is 15% so if the flat rate is R93.57, the VAT amount can be found by finding the pre-tax flat rate:
93.57 = x + 0.15x
1.15x = 93.57
x = 93.57/1.15
x = R81.37
VAT is 15% of R81.37:
= 15% * 81.37
= R12.20
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