A local Shoprite store is advertising discounted prices on a variety of meat products as part of a weekly…

Question

A local Shoprite store is advertising discounted prices on a variety of meat products as part of a weekly promotion. The table below shows the cost of selected items and quantity, both excluding and including 15% VAT.

ScanSolve AI Tutor · Accepted Answer

To calculate the value of A, we use the given amount including 15% VAT and the VAT rate.

Identify the given values from the table.
The amount including 15% VAT for Riversmead farm fresh whole chicken per kg is R46,99.
The amount excluding 15% VAT is A.
The VAT rate is 15%, which is 0.15.
Set up the formula relating the amount including VAT to the amount excluding VAT.
The amount including VAT is the amount excluding VAT plus 15% of the amount excluding VAT.
$\text{Amount including VAT} = \text{Amount excluding VAT} \times (1 + \text{VAT rate})$ $46.99 = A \times (1 + 0.15)$ $46.99 = A \times 1.15$
Solve for A.
To find A, divide the amount including VAT by 1.15.
$A = \frac{46.99}{1.15}$ $A = 40.860869...$
Round the answer to two decimal places, as it represents currency.
$A \approx 40.86$
The value of A is R40,86.

The final answer is $\text{R}40.86$ .

A local Shoprite store is advertising discounted prices on a variety of meat products as part of a weekly promotion. The table below shows the cost of selected items and quantity, both excluding and including 15% VAT.

Answer

Step-by-step solution

Identify the given values from the table.

Set up the formula relating the amount including VAT to the amount excluding VAT.

Solve for A.

Round the answer to two decimal places, as it represents currency.

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