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Starter Questions. Q1. True or false 2a (a – c + 4a) =2a 2 -2ac + 8a. Q2. Find the missing angle. 22 o. Q3. Easy VAT. Learning Intention. Explain how to calculate price +VAT using the simple multiplier. 2. Easy VAT. Easy way to calculate cost including VAT.
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Starter Questions Q1. True or false 2a (a – c + 4a) =2a2 -2ac + 8a Q2. Find the missing angle 22o Q3.
Easy VAT 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 100 VAT added on to the price is charged at ? % 17.5 117.5 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 First convert each percentage to a decimal then…… ……Find: 50% of 100 75% of 36 100% of 40 117.5% of 12
Easy VAT VAT at 17.5% Easy way to calculate cost including VAT Cost before VAT x 1.175 Cost including VAT
VAT – 17.5% £1000 + VAT Easy method Cost x VAT multiplier = 1000 x 1.175 = £1175 VAT means : Value added Tax Example 1 How much will I pay for the computer including VAT below ? Total cost is £1000 + £175 = £1175
VAT – 17.5% Easy method Cost x VAT multiplier = 1300 x 1.175 = £1527.50 £1300 (excluding VAT) VAT means : 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. Total cost is £1300 + £227.50 = £1527.50
Easy VAT Now try Ex 4.2 Ch4 Pg 51