The retailer buys an article from the wholesaler at OMR 1,980 and the wholesaler charges a sales tax at the prescribed rate of 8%. The retailer fixes the price at OMR 2,100 and charges sales tax at the same rate. Apply VAT system of sales tax and calculate how much is the price the customer has to pay to buy the article? O a. OMR 2,681 O b. OMR 2,678 O c. OMR 2,268 O d. OMR 2,690

The retailer buys an article from the wholesaler at OMR 1,980 and the wholesaler charges a sales tax at the prescribed rate of 8%. The retailer fixes the price at OMR 2,100 and charges sales tax at the same rate. Apply VAT system of sales tax and calculate how much is the price the customer has to pay to buy the article? O a. OMR 2,681 O b. OMR 2,678 O c. OMR 2,268 O d. OMR 2,690

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 13Q: If a customer purchased merchandise in the amount of $340, terms 3/10, n/30, returned $70 of the...

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