son bonit erers uotes includes the 12 % VAT and 2 Food's selling price. At what A. P700 B. P800 C. P900 D. P1,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Bon Bonito Caterers quotes a price of P1,320 per person for a banquet dinner. This price
includes the 12% VAT and 20% service charge, both of which are computed based on
food's selling price. At what amount does Bon Bonito Caterers price for food?
A. P700
B. P800
C. P900
D. P1,000
Transcribed Image Text:Bon Bonito Caterers quotes a price of P1,320 per person for a banquet dinner. This price includes the 12% VAT and 20% service charge, both of which are computed based on food's selling price. At what amount does Bon Bonito Caterers price for food? A. P700 B. P800 C. P900 D. P1,000
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