Starter Questions Q1. True or false 2a (a – c + 4a) =2a 2 -2ac + 8a Q3. Q2. Find the missing angle 22 o
Learning Intention Explain how to calculate price +VAT using the simple multiplier 2 Easy VAT
Easy way to calculate cost including VAT The cost of anything can be expressed as ? % of the price VAT added on to the price is charged at ? % Therefore it can be said that Price + VAT = Express the following percentages as decimals a) 50 % b) 75%c) 100% d) 117.5% ? %
Easy VAT VAT at 17.5% Examples ……Find:50% of 10075% of 36100% of 40 First convert each percentage to a decimal then…… 117.5% of 12
Cost before VAT x Cost including VAT Easy VAT Easy way to calculate cost including VAT VAT at 17.5%
VAT – 17.5% Value added Tax Example 1 How much will I pay for the computer including VAT below ? VAT means : £ VAT Total cost is £ £175 = £1175 Easy method Cost x VAT multiplier = 1000 x = £1175
VAT – 17.5% Value added Tax Example 2 Price of the Plasma TV is shown below is excluding VAT. What is the total price I have to pay. VAT means : £1300 (excluding VAT) Total cost is £ £ = £ Easy method Cost x VAT multiplier = 1300 x = £
Now try Ex 4.2 Ch4 Pg 51 Easy VAT