In Germany, VAT is at 19%. Jeremy buys a calculator ain germany for 58.31Euro . This price includes VAT. Find the amount of VAT paid by Jeremy
Accepted Solution
A:
so, he paid 58.31Β β¬, and that includes the 19% of VAT, well, if the price was hmmm say "x", then that means the price is say the 100%, and the the VAT gets slapped on top of it... so whatever "x" is, the VAT is 19% of that.
therefore, "x" + VAT, which is 58.31 β¬, is really the 100% + 19%, or 119% of "x".
now if we know that 58.31 is 119%, and "x" is the 100%, what the dickens is "x"?