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Tax Calculation in Business Transactions Quiz
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Tax Calculation in Business Transactions Quiz

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@CostSavingVenus

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Questions and Answers

What is the total tax paid by the buyer on purchasing the goods from the retailer?

  • ₹16.00 (correct)
  • ₹17.00
  • ₹18.00
  • ₹15.00

    • What is the total selling price at which the retailer sold the goods to the buyer?

  • ₹100.32
  • ₹99.84 (correct)
  • ₹100.24
  • ₹101.08

    • What is the total tax amount on goods sold by the manufacturer to the retailer?

  • ₹13.60
  • ₹16.00 (correct)
  • ₹12.00
  • ₹14.40

    • What is the manufacturer's profit on selling goods to the retailer?

    <p>₹17.00</p> Signup and view all the answers

    What is the retailer's profit margin percentage on selling goods to the buyer?

    <p>12%</p> Signup and view all the answers

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