What is the selling price including VAT, if the VAT amounts to $€3.41$?

Question

VAT rate is $8 \%.$ How I calculate the answer?

Welcome to MSE. Please read How to ask a good question? guide. — Ennar, Jan 03 '17 at 17:36

score 0 · Answer 1 · answered Jan 03 '17 at 17:41

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Hint: Let $x$ be the Price without VAT. Then its VAT is $$8\%\times x.$$ The actual VAT is known, so you can find $x$.

To find the actual selling price add $x$ and the VAT.

answered Jan 03 '17 at 17:41

b00n heT

Could you open this formula to me? I've been thinking this but every time I get 42,625 what is not a correct answer. – vmv Jan 03 '17 at 17:58
I presume that you are missing the second step: I.e. summing the price without VAT to the VAT to get the actual price with VAT – b00n heT Jan 03 '17 at 17:59

score 0 · Accepted Answer · answered Jan 03 '17 at 17:43

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If the vat rate is $0.08$ then the selling price without vat is given by $$S = 3.41/8 * 100 = 42.625$$

Then the overall price is given by $$P = 42.625 + 3.41 = 46.035$$ which rounded gives $46.04$

answered Jan 03 '17 at 17:43

TheMathsGeek

2 Answers2