Let's calculate each cost step by step:
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Cost of 500 chairs at $5 per chair: \[ 500 \text{ chairs} \times 5 \text{ per chair} = 2500 \]
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Cost of 50 tables at $25 per table: \[ 50 \text{ tables} \times 25 \text{ per table} = 1250 \]
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Cost of 550 plates of food at $75 per plate: \[ 550 \text{ plates} \times 75 \text{ per plate} = 41250 \]
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Sundry cost: \[ 1500 \]
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Calculate the subtotal: \[ \text{subtotal} = 2500 + 1250 + 41250 + 1500 \] \[ = 2500 + 1250 + 41250 + 1500 = 45100 \]
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Calculate VAT (15% of subtotal): \[ \text{VAT} = 0.15 \times 45100 = 6765 \]
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Total: \[ \text{Total} = \text{subtotal} + \text{VAT} \] \[ = 45100 + 6765 = 51865 \]
Summary:
- Subtotal: $45100
- VAT: $6765
- Total: $51865
Feel free to ask if you need further assistance!