Financial maths (commission and percentages) 2) A flat screen TV is worth R12000, excluding $$ 15 \% $$ VAT. What is the selling price including VAT.

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To find the selling price of the flat screen TV including VAT, we need to calculate the VAT amount first and then add it to the original price.

Given:
- Original price of the flat screen TV = R12000
- VAT rate = 15%

1. Calculate the VAT amount:
$$ \text{VAT amount} = \text{Original price} \times \text{VAT rate} $$

2. Calculate the selling price including VAT:
$$ \text{Selling price} = \text{Original price} + \text{VAT amount} $$

Let's calculate the VAT amount and the selling price including VAT.
Calculate the value by following steps:
- step0: Calculate:
  $$12000\times 0.15$$
- step1: Multiply the numbers:
  $$1800$$
The VAT amount is R1800.

Now, let's calculate the selling price including VAT:
$$ \text{Selling price} = \text{Original price} + \text{VAT amount} $$

$$ \text{Selling price} = 12000 + 1800 $$

$$ \text{Selling price} = 13800 $$

Therefore, the selling price of the flat screen TV including VAT is R13800.
The selling price including VAT is R13800.

Financial maths (commission and percentages) 2) A flat screen TV is worth R12000, excluding \( 15 \% \) VAT. What is the selling price including VAT.

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