Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.

HELP: Easy Maths Question

  • 13-01-2018 12:12PM
    #1
    kanadams123
    Registered Users, Registered Users 2 Posts: 403 ✭✭


    Hi, we are currently gone onto the LC financial maths section and doing Revision of the JC HL course and i can't get my head around this question.

    A bill for €96.76 includes VAT at 18%. Calculate the amount of the bill before vat is added.

    The Answer is €82 as per back of the book..please explain how this answer is reached. Cheers


Comments

  • #2
    Deub
    Registered Users, Registered Users 2 Posts: 1,592 ✭✭✭Deub


    If you have the price without VAT, you would need to do X x 1.18. Since you have the price with VAT, just divide it by 1.18.

    Edit: Maybe the 1.18 is not clear. To get the VAT price it is X + 0.18X which is equivalent to X x 1.18


  • #3
    mickdw
    Registered Users, Registered Users 2 Posts: 23,818 ✭✭✭✭mickdw


    The bill before vat is 100%
    The vat inclusive bill is 118%

    Divide the vat inclusive total by 1.18
    The answer in book is correct.


  • #4
    kanadams123
    Registered Users, Registered Users 2 Posts: 403 ✭✭kanadams123


    thanks guys!
    That makes more sense now!
    Cheers


Advertisement