Civil Service Exam Reviewer · Percentage · hard
A receipt shows a VAT-inclusive total of ₱6,944. How much of this is the 12% VAT?
- ₱833.28
- ₱6,200
- ₱744
- ₱777.73
Answer
C. ₱744
Solution
VAT-exclusive price = ₱6,944 ÷ 1.12 = ₱6,200. VAT = ₱6,944 − ₱6,200 = ₱744 (or ₱6,944 × 12/112).
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