Question
The price per night of a suite at the Baglioni Hotel in Venice is 1896 euros, VAT included. The VAT in Italy is 25%. The hotel gets a return of 10% out of the price VAT included. b) What is the profit value made by the hotel for one
58
likes288 views
Answer to a math question The price per night of a suite at the Baglioni Hotel in Venice is 1896 euros, VAT included. The VAT in Italy is 25%. The hotel gets a return of 10% out of the price VAT included. b) What is the profit value made by the hotel for one
Bud
4.697 Answers
To find the profit value made by the hotel for one night, we need to calculate the cost price first.
Step 1: Calculate the cost price without VAT
The VAT-inclusive price is 1896 euros, and the VAT rate in Italy is 25%. Let's denote the cost price without VAT as CP.
CP = VAT-inclusive price / (1 + VAT rate)
CP = 1896 euros / (1 + 0.25)
CP = 1516.8 euros
Step 2: Calculate the profit value
The hotel gets a return of 10% out of the VAT-inclusive price. Let's denote the profit value as PV.
PV = 10% of VAT-inclusive price
PV = 0.10 * 1896 euros
PV = 189.6 euros
Answer: The profit value made by the hotel for one night is 189.6 euros.
Step 1: Calculate the cost price without VAT
The VAT-inclusive price is 1896 euros, and the VAT rate in Italy is 25%. Let's denote the cost price without VAT as CP.
CP = VAT-inclusive price / (1 + VAT rate)
CP = 1896 euros / (1 + 0.25)
CP = 1516.8 euros
Step 2: Calculate the profit value
The hotel gets a return of 10% out of the VAT-inclusive price. Let's denote the profit value as PV.
PV = 10% of VAT-inclusive price
PV = 0.10 * 1896 euros
PV = 189.6 euros
Answer: The profit value made by the hotel for one night is 189.6 euros.
Frequently asked questions (FAQs)
What is the sum of 243 and 187?
+
How many different ways can 4 students be selected out of a group of 10 students for a committee?
+
What is the value of x if the sum of x and its square is 15?
+
New questions in Mathematics