A shopkeeper pays 24 RO VAT. He sells the product to the customer for 730 RO. The sales tax is 8%. What price did the shopkeeper pay for the product?
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A shopkeeper pays 24 RO VAT. He sells the product to the customer for 730 RO. The sales tax is 8%. What price did the shopkeeper pay for the product?
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- Stork Enterprises delivers care packages for special occasions. They charge $45 for a small package, and $80 for a large package. The sales tax rate is 6%. During the month of May, Stork delivers 38 small packages and 22 large packages. A. What is the total tax charged to the customer per small package? What is the overall charge per small package? B. What is the total tax charged to the customer per large package? What is the overall charge per large package? C. How much sales tax liability does Stork Enterprises have for the month of May? D. What accounts are used to recognize this tax situation for the month of May? E. When Stork remits payment to the sales tax governing body, what happens to the sales tax liability?Humaid is paid a 7% commission on all sales. He sold goods worth RO 15,000 in a month. What is his gross pay if he takes a draw of RO 500? a. RO 550 b. RO 650 c. RO 1011.5 d. RO 1050A consumer buys a Television whose listed price is RO 380 from a shopkeeper and pays a sales tax at the rate of 10%. The shopkeeper pays a VAT of RO 3. The input tax for the shopkeeper is
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- A salesman earns a salary of $2000 per month plus 4% of all sales he make. The salesman make $25000 in sales for the month. The salesman has 30% of his pay taken out for taxes. How much is his pay check worth?Both Abel and Ali work in the sales department for ABC Company. Abel gets paid birr 120 per day plus 4% commission on the sales. Ali gets paid birr 132 per day plus 8% commission on the sales in excess of birr 1,000. For what sales amount would they both earn the same daily amounts?Terry is a salesman who has a monthly salary of 25,000 pesos. His total sales for the month amount to 170,000 pesos. How much is his GROSS INCOME for the month if: a. he is paid 4% of his total sales? b. each product costs 2,125 pesos and he is paid 87 pesos for each product he sold? c. he is paid 3% of sales up to 100,000 pesos, 5% of the next 50,000 pesos, and 7.5% of sales beyond 150,000 pesos? d. if he has a quota of 150,000 pesos and he is paid 36% of all sales in excess of that quota?
- Irish paid a monthly salary of 15,000.00 and earn a commission of 3% in sales. If she sold a monthly amount of 150,000.00 during the month, how much is his gross pay?Len-Len is a saleslady who has a monthly salary of ₱22,500. Her total sales for the month amount to ₱65,000. How much is her GROSS INCOME for the month: a) if each product costs ₱520 and he is paid ₱46 for each product he sold? b) if she is paid 8% of sales up to ₱50,000, 12% of the next ₱30,000.00 and 15% of sales beyond ₱80,000.00?A work at home opportunity is available in which you will receive 3 percent of the sales for customers you refer to the company. The cost of your franchise fee is $600. How much would your customers have to buy to cover the cost of this fee?