Question

Calculate the total amount of money a man has to pay for an article marked at $85 with a 14% value –added tax imposed on it.

Answer 1

Answer:

original amount of an article is $85

VAT added is 14%

so Atq,

14% of $85=14/100 ×$85=$11.9

Now the T.A.M. he has to pay is

$85+$11.9=$96.9

Answer 2

Solution:

Amount marked on article = $85

Value Added Tax(VAT) imposed on article will be =>

14% of $85

$\frac{14}{100} * 85$

0.14 * 85

11.9

The amount of VAT applied on article is $11.9

Total amount of money need to be paid for article by a man will be =>

Marked Price + VAT(Value Added Tax)

$85 + $11.9

$96.9

The total amount of money a man has to pay for an article marked at $85 with a 14% value-added tax imposed on it is $96.9