Which of the following expenses is not a variable cost?
2 answers:
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Answer:
12.5%
Step-by-step explanation:
The price increased from 800 to 900. So what is the PERCENTAGE INCREASE??
The increase is 900 - 800 = 100
To find this in terms of original, we need to divide 100 by 800 and multiply by 100 to get the "percentage". Let's do it:
So the increase is 12.5% and thus the general sales tax is 12.5%