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Day Two Try these. Find the total price of a hat that costs €50 plus 15% VAT.


1


Change the percentage to a fraction and simplify: 15% = 15 Find 3


20 of €50 = € Finally, add € to find the total price. (VAT) (VAT) to €50 (original price) Keywords


VAT (Value Added Tax) is money that is collected by the


Answer: € 2


Marks:


Look at the menu. Find the total cost, including VAT, of a scone, a slice of carrot cake, an Americano and a soft drink.


/2


government. They use it in the running of the country.


100 = 3 20


A Latte Fun Coffee Shop Menu


Americano €2.75 plus 20% VAT Café latte


€1.95 plus 20% VAT


Cappuccino €2.20 plus 20% VAT Mocha


€2.50 plus 20% VAT


Breakfast tea €1.70 plus 20% VAT Soft drink


€2 plus 20% VAT


Brownie €1.20 plus 15% VAT Scone Muffin


Answer: € 3


Marks: /2 Carrot cake


€1.60 plus 15% VAT €2.20 plus 15% VAT €2.40 plus 15% VAT


Order items from the menu above for you and your friend. Find the total cost of your bill including VAT. Check your answers using a calculator.


Answer: € 4


Marks:


/2


Harry Potty’s Plumbing Services charged €240 to fix the coffee machine, including VAT of 20%. If the government increases the VAT to a rate of 22%, how much will this job cost, including VAT?


Answer: €


Marks: Today’s Marks:


/2 /8 25


Week 5 | Money


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