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Click to see additional instructions Africa Traders is not a registered VAT vendor and buys and sells furniture. Africa Traders sold a dining room table

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Click to see additional instructions Africa Traders is not a registered VAT vendor and buys and sells furniture. Africa Traders sold a dining room table for R16 250. The mark-up percentage on cost is 5%. What is the cost price of the product? NB: 1. Do not type the amount with any spaces as separators for thousands (eg: 12141,72) 2. Use a comma to indicate any decimals (eg: 1000,01) 3. You must enter cents even if it is 0 (eg,00) Solution: R

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