This table gives the rand amounts for various sales, all of which are subject to VAT at

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This table gives the rand amounts for various sales, all of which are subject to VAT at 14%. Complete the table by filling in the missing figures:

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Fundamental Accounting

ISBN: 9781485112112

7th Edition

Authors: David Flynn, Carolina Koornhof, Ronald Arendse, Anna C. E. Coetzee, Edwardo Muriro, Louise Christel Posthumus, Louise Mancy Smit

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Question Posted: Aug 30, 2023 05:15 AM

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This table gives the rand amounts for various sales, all of which are subject to VAT at

Question:

Cost price R100 ? R280 ? % mark-up on cost 50% 40% ? 25% Selling price ? ? R364 ? VAT ? ? ? R28 Marked price ? R399 ? ?

Step by Step Answer:

Cost price markup on cost Selling price VAT Marked price R100 50 R150 R21 R171 40 R399 R5586 R45...View the full answer

Fundamental Accounting

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