Please help me do my homework
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The current president is Reuven Rivlin, who took office on 24 July 2014. Presidents are elected by the Knesset for a single seven-year term.
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Amount marked on article = $85
Value Added Tax(VAT) imposed on article will be ⇛
14% of $85
0.14 × 85
11.9
The amount of VAT applied on art hiicle 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 +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 $96.9
________________________________
⇛5% tax on 240=$12
⇛ (5*240/100)
so, the goods cost the customer 240+12=$252.
⠀⠀⠀⠀⠀⠀⠀⠀$252
_______________________________
5% of 262.50$ \: is \: 13.125$
Therefore,
Original price = 262.50$ – 13.125$
⠀⠀⠀⠀⠀⠀⠀⇛249.375$
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