an electricity company charge per quarter follow a fixed charge of #50 and charge of #350 per unit of current used a) calculate the charge for 460 unit of electricity b) if vat is 5% is paid on the bill calculate the amount to be paid

Answer 1

a) To calculate the charge for 460 units of electricity, we need to first calculate the cost of the electricity used and then add the fixed charge.

Cost of electricity used = 460 units * #350 per unit = #161,000
Fixed charge = #50

Total charge = Cost of electricity used + Fixed charge
Total charge = #161,000 + #50
Total charge = #161,050

So, the charge for 460 units of electricity is #161,050.

b) To calculate the amount to be paid with VAT included, first calculate the VAT amount and then add it to the total charge.

VAT amount = 5% of total charge
VAT amount = 0.05 * #161,050
VAT amount = #8,052.5

Amount to be paid = Total charge + VAT amount
Amount to be paid = #161,050 + #8,052.5
Amount to be paid = #169,102.5

So, the amount to be paid with VAT included is #169,102.5.