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.. Matt sells usually sells goods at $130 each, he gives Anil a trade discount of $10 so he sells goods to Anil for $120.
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Matt sells usually sells goods at $130 each, he gives Anil a trade discount of $10 so he sells goods to Anil for $120. He also offers a cash discount of 5% for prompt payment. Matt is registered for VAT. This means that $120 x 5% = $6 cash discount is available. How much output VAT should Matt include on Anil's invoiceStep by Step Solution
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