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1. If Phillips Bikes acquires bicycles from the manufacturer for $330 each, and later sells the bicycles to customers for $550 each, calculate the net

1. If Phillips Bikes acquires bicycles from the manufacturer for $330 each, and later sells the bicycles to customers for $550 each, calculate the net GST payable or refundable. (Note: You do not have to refer to law, but must briefly explain your calculations)

Can you please provide mw the answer within 15 minutes please?

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