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A retailer charges VAT on an article at the prescribed rate of 5% from the buyer. The listed price of the article is OMR 450.
A retailer charges VAT on an article at the prescribed rate of 5% from the buyer. The listed price of the article is OMR 450. If the retailer has to pay a VAT of OMR 2.400 to Government, then what was VAT amount paid by the retailer to the wholesaler? a. OMR 24.9 b. OMR 22.6 C. OMR 27.4 d. OMR 20.1
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