Answer to Question #91949 in Economics for Reign

Question

As a student you are told to acquire the following textbooks; 5mathematics, 3physics, 8chemistry, 10biology, 12english, each of these costs N900, 700, 650, 500 and 400 respectively. Find the total cost of the textbooks?, find the sub-take cost of the textbooks?, find the VAT of the textbook if the textbook vat is 5%?, find the actual cost of the textbook?

Answer 1

5mathematicsx90v0=$5X900=4500$

3physicsx700=$3X700=2100$

8chemistryx650=$8X650=5200$

10biologyx500=$10X500=5000$

Total cost =(4500+2100+5200+5000+4800)=21600

Sub-take cost= $21600/2=10800$

Actual cost=$21600X100/105=20571.48$

VAT= $21600-20571.43=1028.57$