SOLUTION: Please help with the homework below The vat inclusive price of a TV is R2700.00. Vat is calculated at 15%. Calculate the amount of Vat of the TV.

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Question 1206566: Please help with the homework below
The vat inclusive price of a TV is R2700.00. Vat is calculated at 15%. Calculate the amount of Vat of the TV.
Found 2 solutions by josgarithmetic, ikleyn:
Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
p, the price before the vat
p%2B0.15p=2700
1.15p=2700
p=2700%2F1.15
p=2347.826

The amount of vat is 2700-2347.826=highlight%28352.174%29.

Answer by ikleyn(52781) About Me  (Show Source):
You can put this solution on YOUR website!
.

More accurately, the amount of VAT is

    2700 - 2347.826 = 352.174 = 352.17  (rounded).   ANSWER