VAT exclusive price VAT inclusive price _(b). VAT Amount _(a). (d) R220 (c) (e) R862.50 R126 (f) Q.2.2 Cost Price (Excl VAT) (e) Mark up on Cost Profit Selling price (Excl VAT) (f) _(Excl VAT). 20% R40

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Complete the two tables below  using the information provided and assume a VAT rate of 15%

VAT exclusive price
VAT Amount
VAT inclusive price
(а)
(d)
R220
(b)
(c)
(e)
R862.50
R126
(f)
Q.2.2
Mark up on Cost
Profit
Selling price
(Excl VAT).
(f)
Cost Price
(Excl VAT)
(e)
(Excl VAT)_
20%
R40
Transcribed Image Text:VAT exclusive price VAT Amount VAT inclusive price (а) (d) R220 (b) (c) (e) R862.50 R126 (f) Q.2.2 Mark up on Cost Profit Selling price (Excl VAT). (f) Cost Price (Excl VAT) (e) (Excl VAT)_ 20% R40
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