Question: This question about VAT: Kylie buys an article for $ 10000 and pays 7% tax. He sells the same article for $ 13000 and charges

This question about VAT:

Kylie buys an article for $ 10000 and pays 7% tax. He sells the same article for $ 13000 and charges 9% tax. Find the VAT paid by Kylie.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!