SOLUTION: Please help with the homework below: 1. If the price of a shirt after a discount of 10% is 412,50, what was the original price of the shirt? 2. The solar installation costs R2500

Algebra ->  Finance -> SOLUTION: Please help with the homework below: 1. If the price of a shirt after a discount of 10% is 412,50, what was the original price of the shirt? 2. The solar installation costs R2500      Log On


   



Question 1204576: Please help with the homework below:
1. If the price of a shirt after a discount of 10% is 412,50, what was the original price of the shirt?
2. The solar installation costs R250000 VAT inclusive. Calculate the VAT exclusive price of the solar installation.

Answer by mananth(16946) About Me  (Show Source):
You can put this solution on YOUR website!

1. If the price of a shirt after a discount of 10% is 412,50, what was the original price of the shirt?
The shirt is on10% discount
You pay 90 when the original price is 100
when you pay 412.50 the original price is
(412.50/90 )*100 =458.33
the original price of the shirt is 458.33
2. The solar installation costs R250000 VAT inclusive. Calculate the VAT exclusive price of the solar installation.
Assume XAT of 15%
VAT Incusive price = R250000
You pay 115 if price is 100
If you pay 250000 then Vat exclusive price will be
250000*100/115 = 217391.30
The VAT exclusive price of the solar installation is approximately R217,391.30.