Calculate the VAT amount that is included in the sales invoice price if inventory for the amount of R3 385.80 (VAT inclusive) were sold. The applicable VAT rate is 15\%: NB: Instructions 1. Do not type the amount with any spaces as separators for thousands (eg: 12141.72) 2. Use a full-stop to indicate any decimals (eg: 1000.01) 3. Only show the amount, do not show the R (eg: 12141.72) Answer:

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Let the total sales invoice price (VAT inclusive) be $$ T = 3385.80 $$ and the VAT rate be $$ r = 15\% = 0.15 $$.

1. The net amount (excluding VAT) is calculated as:
   $$
   \text{Net} = \frac{T}{1 + r} = \frac{3385.80}{1.15}
   $$

2. The VAT amount is the difference between the total price and the net amount:
   $$
   \text{VAT} = T - \text{Net} = 3385.80 - \frac{3385.80}{1.15}
   $$

3. Alternatively, the VAT amount can be directly calculated by:
   $$
   \text{VAT} = T \times \frac{r}{1 + r} = 3385.80 \times \frac{0.15}{1.15}
   $$

4. Calculating the expression:
   $$
   3385.80 \times \frac{0.15}{1.15} \approx 3385.80 \times 0.13043478 \approx 441.63
   $$

441.63
441.63

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