Civil Service Exam Reviewer · Percentage · hard
A receipt shows a VAT-inclusive total of ₱11,032. How much of this is the 12% VAT?
- ₱1,323.84
- ₱9,850
- ₱1,235.58
- ₱1,182
Answer
D. ₱1,182
Solution
VAT-exclusive price = ₱11,032 ÷ 1.12 = ₱9,850. VAT = ₱11,032 − ₱9,850 = ₱1,182 (or ₱11,032 × 12/112).
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