Math Problem Statement

The price of a loaf of bread is 3 euros without taxes. The value-added tax rate is 18%. What is the price of a loaf of bread with taxes?

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage
Tax Calculation
Arithmetic

Formulas

Tax amount = Base price × Tax rate
Total price = Base price + Tax amount

Theorems

Percentage-based tax calculation

Suitable Grade Level

Grades 6-8