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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?
1 answer:
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Solution:
Given that the point P lies 1/3 along the segment RS as shown below:
To find the y coordinate of the point P, since the point P lies on 1/3 along the segment RS, we have
Using the section formula expressed as
In this case,
where
Thus, by substitution, we have
Hence, the y-coordinate of the point P is
