Question

The actual cost incurred by an entity when a computer is purchased for R5 700 inclusive of 15% VAT is

Answer 1

The actual cost incurred by an entity when a computer is purchased for Rs. 700 inclusive of 15% VAT is 608.695 ≅ 609.

To find:

Actual cost of computer

Given that:

Computer rate inclusive of 15% vat = RS.700

Formula:

Actual cost = earned value - cost variance

Solution:

Computer purchased inclusive of vat = 15%

i.e., computer [100] + vat [15] = final price [115]

                                               = 115% =700

So we need to find 100%

Then, we get

       = $\frac{700\times100}{115}$

      = $\frac{140\times100}{23}$

      = 608.695 ≅ 609

Therefore, the actual cost of the computer is approximately 609.

To solve more:

1. Received rs 5000 from ram on behalf of Bharat

https://brainly.in/question/11814202

2. After discount of 11 % a car costs Rs.45000 .find the actual cost of car before discount.

https://brainly.in/question/4599829  

Answer 2

Answer:

The actual cost incurred by an entity when a computer is purchased for Rs. 700 inclusive of 15% VAT is 608.695 ≅ 609.

To find:

Actual cost of computer

Given that:

Computer rate inclusive of 15% vat = RS.700

Formula:

Actual cost = earned value - cost variance

Solution:

Computer purchased inclusive of vat = 15%

i.e., computer [100] + vat [15] = final price [115]

= 115% =700

So we need to find 100%

Then, we get

= \frac{700\times100}{115}

115

700×100

= \frac{140\times100}{23}

23

140×100

= 608.695 ≅ 609

Therefore, the actual cost of the computer is approximately 609.

To solve more:

1. Received rs 5000 from ram on behalf of Bharat

https://brainly.in/question/11814202

2. After discount of 11 % a car costs Rs.45000 .find the actual cost of car before discount.