on which the VAT of a product is calculated?
a. SP (selling price)
b. CP (cost price)
c. MP (marked price)
d. none of these
Share
on which the VAT of a product is calculated?
a. SP (selling price)
b. CP (cost price)
c. MP (marked price)
d. none of these
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Verified answer
Answer:
Marked price
Step-by-step explanation:
Tax is always added on the marked price ,so does discount
Answer:
VAT calculation formula for VAT exclusion is the following: to calculate VAT having the gross amount you should divide the gross amount by 1 + VAT percentage (i.e. if it is 15%, then you should divide by 1.15), then subtract the gross amount, multiply by -1 and round to the closest value (including eurocents).
Step-by-step explanation:
Mark as brilliant
/\