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