Calculate VAT - inclusive and exclusive of price
This video is suitable for grade 10 to 12 mathematical literacy learners as well as grade 8 and 9 mathematics learners. In this video we will look at 2 instances :VAT included in price and VAT excluded in the price. I will give you 2 basic formulas to remember and use. We will also look at a short explanation and then do two examples together. This is based on the South African model of 15% VAT.
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