Question
A retailer sells baby clothes its retail stores in New South Wales, Australia. The state has put a weird law in place. It is not
A retailer sells baby clothes its retail stores in New South Wales, Australia. The state has put a weird law in place. It is not legal to sell any piece of baby clothing for more than Maximum Retail Price AUD. (Price before sales tax) The retailer will sell this sweater for the maximum legal retail price. Baby clothing is taxed at Sales Tax %. Given that the cost price for this cute little bear sweater is Cost AUD you need to calculate the following: - Margin % (Before sales tax) - Sales tax payable in AUD - Total payable by the customer including sales tax (AUD) (Calculate the answers to two (2) decimal places.)
Cost AUD | $ 21.78 |
Retail Price AUD | $ 60.60 |
Sales Tax % | 12.61% |
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