2. At a clearnace sale, all articles are on sale at 25% discount. What amount to be pay for a article
a proill
which is marked 12000?
Cili Tmi on Value Added Tax (VAT)
Answers
Answered by
2
Answer:
Cost of the article = 10000
Tax paid by Kylie = 7% of $ 10,000
= $ 7/100 × 10000
= $ 700
Selling price of the article = $ 13000
Tax charged at 9% = 9% of 13000
= $ 9/100 × 13000
= $ 1170
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