Carlo bought a pair of shoes for a price of ₱2,450 plus he VAT(value added tax)of 10%.How much is the sales tax he needs to pay aside from the price of the shoes? What is asked?what is the formula to be used?solution?what is the final answer?
Answer (1)
Answer:What is asked? The problem asks for two things: 1. The amount of sales tax Carlo needs to pay. (This is the VAT)2. The total amount Carlo paid for the shoes including the VAT. What is the formula to be used? Sales Tax = Original Price × VAT Rate Total Cost = Original Price + Sales Tax Solution: 1. Calculate the sales tax (VAT):Sales Tax = ₱2,450 × 0.10 = ₱2452. Calculate the total cost:Total Cost = ₱2,450 + ₱245 = ₱2,695 What is the final answer? The sales tax Carlo needs to pay is ₱245. The total cost of the shoes, including sales tax, is ₱2,695.
