Please Answer The Subsections 2.4 & 2.5 Mr. Robertson owns a store. His mark-up percentage is 80%. He is also VAT registered, VAT is15% of the selling price.2.1Mr. Robertson buys handbags at R108 each, what is the selling price of thesebags excluding VÁT?2.2How much profit would he earn selling 25 bags?2.3Calculate the selling price of one handbag including VAT.2.4Mr. Robertson hires a new assistant. She calculates that a pair of shoes that isbought for R850 should be sold for R1572,50 excluding VAT. State, withcalculations, whether her mark-up percentage was correct.2.5Mr. Robertson sells a pair of jeans for R459,99 excluding VAT. Calculate the costprice before the mark-up.

As posted multiple independent questions we are answering only first question kindly repost the…

Answered: Mr. Robertson owns a store. His mark-up…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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