A pair of shoes costs the store ₱1,200. The store adds a 25% mark-up and then charges 12% VAT on the marked-up price. What is the final price?
Show step-by-step solution
Answer: 1680 ₱
- Marked-up price: .
- Add VAT: .
- The final price is ₱1,680.
Back to the problem bank Standard
Term 1 · Weeks 1–2 · Earning Money and Percentages
Standard problem
Common errors to watch for
- Adding 25% + 12% = 37% to the cost gives ₱1,644, which is wrong because VAT applies to the marked-up price.
Budget of Work competencies
- gm11.t1.w1.c2
Apply a percentage increase or decrease in various contexts: