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Q 19 : A retailer sells baby clothes its retail stores in New South Wales, Australia. The state has put a weird law in place.
Q 19 : 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 $59.40. (Price before sales tax)
The retailer will sell this sweater for the maximum legal retail price.
Baby clothing is taxed at 12.35 %.
Given that the cost price for this cute little bear sweater is $22.22 you need to calculate the following:
- Margin % (Before sales tax)
- Sales tax payable in AUD
- Total payable by the customer including sales tax (AUD)
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