Question

rona and Jerry ate in duhat food court. if they pay ₱350.00 on their order plus 20% vat, how much is the total amount thet paid? ​

Answer 1

Answer:

420.00

Explanation:

Gross amount = Amount with tax

Net amount = Amount without tax

Gross amount = Net amount + 20% × Net amount

(1 + 20%) × Net amount

(1 + 20%) × 350

(100% + 20%) × 350

120% × 350

120/100 × 350

1.2 × 350 = 420

Added tax = Gross amount - Net amount

= 420 - 350 = 70