HOUSE A
SOLE MANDATE
2 Bedroom Townhouse in South Ridge
R1 290 000
NEW
HOUSE B
SOLE MANDATE
4 Bedroom House in Cassandra
R1 450 000
Joe is the salesman for the above advertised houses in Kimberley. Value added t
included in both houses.
1. Use the above information to answer the following questions.
1.1 What is the rate of value added tax in South Africa?
1.2 Calculate the VAT inclusive price for each house listed above.
1.3 How much more VAT is house B as compared to A?
(adapt)
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