Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

stion 16 yet A wholesaler charged the retailer at a prescribed rate of 8% and the listed price of the item is RO 220. if

image text in transcribed
stion 16 yet A wholesaler charged the retailer at a prescribed rate of 8% and the listed price of the item is RO 220. if the wholesaler has to pay a VAT of RO 12, what is the amount of VAT paid by the retailer? wered ked out of a. 12 log stion O b. 18.56 c.5.6 d. 17.6

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_2

Step: 3

blur-text-image_3

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

Accounting For Non Accounting Students

Authors: John Dyson, Ellie Franklin

10th Edition

1292286938, 9781292286938

More Books

Students also viewed these Accounting questions

Question

Describe the purpose of a SysTrust assurance services engagement.

Answered: 1 week ago