Complete the table using the information provided and assume a VAT rate of 15%: Mark up on cost cost price (Excl VAT) profit (Excl VAT) selling price (Excl VAT) 20% A R40 b
Complete the table using the information provided and assume a VAT rate of 15%: Mark up on cost cost price (Excl VAT) profit (Excl VAT) selling price (Excl VAT) 20% A R40 b
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Complete the table using the information provided and assume a VAT rate of 15%:
Mark up on cost |
cost price (Excl VAT) |
profit (Excl VAT) |
selling price (Excl VAT) |
20% | A | R40 | b |
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