1. The price of one of her leather wallets is R 260 excluding VAT. What is the price of the wallet, including \( 15 \% \) VAT? Answer: The price including VAT is R

To find the price including VAT, you can calculate it by adding 15% to the original price of R 260. First, find 15% of R 260, which is R 39. Then, add that to the base price: R 260 + R 39 = R 299. So, the wallet will cost R 299 including VAT. Here's a fun fact: VAT, or Value Added Tax, is imposed at each stage of production and distribution. It’s a clever way for governments to generate revenue while keeping things fair—after all, everyone pays a little based on their purchases! Sticking to calculations like VAT can sometimes be tricky! One common mistake is forgetting to convert the percentage into a decimal before calculation. Remember, 15% should be converted to 0.15 when finding the actual value to add. So next time, just clear your mind of distractions and take it step by step!