Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please answer in rand and not dollar. Furniture Traders sold three tables and six chairs to Beauty Traders, for their nail technicians, for an amount

Please answer in rand and not dollar.
image text in transcribed
Furniture Traders sold three tables and six chairs to Beauty Traders, for their nail technicians, for an amount of R31 050 (15\% VAT inclusive). Furniture Traders makes use of a mark-up percentage on sales of 35% What is the cost price of the tables and chairs? NB: Instructions 1. Use a full stop to indicate any decimals (eg: 1000.01) 2. Only show the amount, do not show the R (eg: 12141.72)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Complete Handbook Of Operational And Management Auditing

Authors: William T. Thornhill

1st Edition

0131611410, 978-0131611412

More Books

Students also viewed these Accounting questions

Question

My opinions/suggestions are valued.

Answered: 1 week ago