1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KATRIN_1 [288]
3 years ago
15

A shoe dealer purchased net Birr 8,000 worth of shoes from a shoe company.A Find the amount it is to pay the company including V

AT.BIf the dealer sold the shoes for Birr 12,000, find the amount of VAT liable tothe dealer.​
Mathematics
1 answer:
Yanka [14]3 years ago
5 0

Answer:

A) Total amount to be paid = Birr 8,560

B) Amount of VAT liable to the dealer = Birr 520

Step-by-step explanation:

The tax on bought commodity and the tax on sold commodity isn't provided but in some places, these values are 7% and 9% respectively. So, these are the values that will be used for this question.

Note that these values vary from country to country and the value missing from this question will not change how the question is solved; the question will still be solved in a similar manner, only the parameters will vary.

A) The dealer bought Birr 8000 at 7% tax.

Total amount to be paid = cost price (1 + r%)

r = 7% = 0.07

Total amount to be paid = 8000 × 1.07 = Birr 8,560

B) To find the VAT, it is the difference between the tax paid when the good was bought and the tax put on it after it was sold.

Tax paid when the shoes were bought = 7% of cost price = 7% × 8,000 = Birr 560

Tax paid when the shoes were sold = 9% of selling price = 9% × 12,000 = Birr 1,080

VAT = tax recovered on sale - Tax paid on purchase

VAT = 1080 - 560 = Birr 520

Hope this Helps!!!

You might be interested in
The double number line shows that 3 back-to-school packages contain 36 pencils.
lord [1]

Answer:

The answer is A

Step-by-step explanation:

i just got it right

7 0
3 years ago
Please help, I can’t seem to figure this out.
Mamont248 [21]

I got 2.1  please rate 5 stars and thanks

8 0
3 years ago
Circle P has a circumference of approximately 75 inches.
photoshop1234 [79]

Answer:

12in is you answer

Step-by-step explanation:

The formula to find circumference is C=2\pi r

so to rearrange to solve for radius that will be r=\frac{C}{2\pi }

=\frac{75}{2\pi }

=11.94in

5 0
3 years ago
What is 4 wholes and 49 over 100 in decimal form
SVETLANKA909090 [29]
49/100 is equal to .49 in decimal form, and now we just need to add the 4 wholes.  This is equal to 4.49
5 0
3 years ago
Read 2 more answers
The number 296 is 74 % of what number
uranmaximum [27]
Answer: 296 is 74% of 400.
3 0
3 years ago
Read 2 more answers
Other questions:
  • What’s the correct answer
    9·1 answer
  • What is 1/32commission of sales totaling 24,000
    8·2 answers
  • Make a the subject of the formula:<br> v=u + at
    5·1 answer
  • PLEASE HELP WILL GIVE BRAINLIEST
    11·1 answer
  • In a race, Andrew ran 4 minutes less than 4 times as many minutes as Chris ran. Write an expression to represent the number of m
    10·2 answers
  • Is 7/12,1/6,-1/4,-2/3 arithmetic?
    12·1 answer
  • What is the graph of y = |x − 3| + 1
    12·1 answer
  • The 15 students in Miss Brown's class took a test. The average for the class was 95 points. The maximum possible score was 100 p
    11·2 answers
  • Find the unknown angle in the figure
    14·2 answers
  • A triangle has the following coordinates: (8,6), (4,-4), (-9,-2) After a reflection, it has the coordinates (-8,6), (-4, -4), (9
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!