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A laptop originally priced at R6 999 is on sale for R5 999 (excluding VAT). Calculate the discount amount, percentage discount, and the VAT charged at a 15% rate.
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Step 1: Identify the original price and the sale price of the laptop.
Original price = R6 999
Sale price (excluding VAT) = R5 999
2.1 Calculate the discount.
The discount is the difference between the original price and the sale price.
The discount is R1 000.
2.2 Calculate the percentage discount on the laptop.
The percentage discount is the discount amount divided by the original price, multiplied by .
The percentage discount is approximately .
2.3 Calculate the amount of VAT that was charged on the sale price of the laptop.
The sale price excluding VAT is R5 999.
The standard VAT rate is .
The amount of VAT charged on the sale price is R899.85.
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