Question

If a store sells a packet of gum for R5, 50.what will the total cost for the gum be if you add the VAT ​

Answer 1

It can be anything according to your value added tax.

Answer 2

Answer:

The total cost of the gum packet including VAT at a rate of 15% would be R6.33.

Step-by-step explanation:

The total cost of the gum packet with VAT will depend on the rate of VAT applicable in the specific country or region. VAT (Value Added Tax) is a consumption tax that is usually imposed on goods and services sold to consumers.

Assuming that the VAT rate is 15%, the calculation for the total cost of the gum packet including VAT would be:

Total Cost = Price of the gum packet + (VAT rate x Price of the gum packet)

Total Cost = R5.50 + (0.15 x R5.50)

Total Cost = R5.50 + R0.83

Total Cost = R6.33

Therefore, the total cost of the gum packet including VAT at a rate of 15% would be R6.33.

To learn more about VAT : https://brainly.in/question/49608134

To learn more about Tax: https://brainly.in/question/168156

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