Lunch for free

Meal vouchers are a tax-free employee benefit widely used in Slovakia.

The company issuing meal vouchers charges a 4.3% fee on their total value. Calculate how much an employee effectively receives if they get 201 meal vouchers worth 3.2 € each per year.

Final Answer:

x =  28.9 Eur

Step-by-step explanation:

$$\begin{gathered} r=100\%-4.3\%=1-\frac{4.3}{100}=0.957 \\ f=3.2 \\ n=201 \\ x=n\cdot (\frac{f}{r}-f)=201\cdot (\frac{3.2}{0.957}-3.2)=28.9\text{Eur} \end{gathered}$$

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