Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

This question about VAT: Kylie buys an article for $ 10000 and pays 7% tax. He sells the same article for $ 13000 and charges

This question about VAT:

Kylie buys an article for $ 10000 and pays 7% tax. He sells the same article for $ 13000 and charges 9% tax. Find the VAT paid by Kylie.

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

Entrepreneurial Finance

Authors: Philip J. Adelman; Alan M. Marks

6th edition

9780133099096, 133140512, 133099091, 978-0133140514

More Books

Students also viewed these Finance questions