D) Ahmed, the retailer, purchased 300 units of a stationary item from the wholesaler, costing RO 6 per unit (excluding VAT). The wholesaler, on the other hand, bought the same item from a manufacturer, paying RO 4.5 per unit. VAT is paid extra. The VAT is 20%. How much does Ahmed paid as VAT? How much does the wholesaler pay as VAT? & How much does the government received as VAT? E) A shopkeeper sells an article whose listed price is RO 4500 and charges sales tax on it at the prescribed rate of 12% from the consumer. If the shopkeeper pays a VAT of RO 108 to the government, what was the price inclusive of tax at which the shopkeeper bought the article from the wholesaler?
D) Ahmed, the retailer, purchased 300 units of a stationary item from the wholesaler, costing RO 6 per unit (excluding VAT). The wholesaler, on the other hand, bought the same item from a manufacturer, paying RO 4.5 per unit. VAT is paid extra. The VAT is 20%. How much does Ahmed paid as VAT? How much does the wholesaler pay as VAT? & How much does the government received as VAT? E) A shopkeeper sells an article whose listed price is RO 4500 and charges sales tax on it at the prescribed rate of 12% from the consumer. If the shopkeeper pays a VAT of RO 108 to the government, what was the price inclusive of tax at which the shopkeeper bought the article from the wholesaler?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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