A shopkeeper sells an article at its marked price RO 7500 and charges sales-tax at the rate of 12% from the customer. If the shopkeeper pays a VAT of RO 180, Calculate the price inclusive of tax paid by the shopkeeper. O a. 7500 RO O b. 6000 RO O c. 6720 RO O d. 8400 RO

A shopkeeper sells an article at its marked price RO 7500 and charges sales-tax at the rate of 12% from the customer. If the shopkeeper pays a VAT of RO 180, Calculate the price inclusive of tax paid by the shopkeeper. O a. 7500 RO O b. 6000 RO O c. 6720 RO O d. 8400 RO

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 6EA: Elegant Electronics sells a cellular phone on September 2 for $450. On September 6, Elegant sells...

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Question

A shopkeeper sells an article at its marked price
RO 7500 and charges sales-tax at the rate of 12%
from the customer. If the shopkeeper pays a VAT of
RO 180,
Calculate the price inclusive of tax paid by the
shopkeeper.
O a. 7500 RO
O b. 6000 RO
O c. 6720 RO
O d. 8400 RO

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