What was the average VAT rate paid by Ajinkya in purchasing goods and services? Ajinkya Electronic Systems,

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What was the average VAT rate paid by Ajinkya in purchasing goods and services?

Ajinkya Electronic Systems, a company in India that manufactures many different electronic products, has to purchase goods and services from a variety of suppliers (wire, diodes, LED displays, plastic components, etc.). The table below shows several suppliers and the VAT rates associated with each. It also shows the purchases in $1000 units that Ajinkya made (before taxes) from each supplier in the previous accounting period. Ajinkya's sales to end users was $9.2 million, and Ajinkya's products carry a VAT of12.5%.

What was the average VAT rate paid by Ajinkya in
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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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