Tax Calculation in Business Transactions Quiz
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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 (B)</p> Signup and view all the answers

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

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

More Like This

VAT Accounting and Calculation Quiz
4 questions
IRPJ: Alíquota e Progressividade
37 questions
Accounting for Income Taxes - Chapter One
42 questions
Corporate Income Tax Calculation Quiz
34 questions
Use Quizgecko on...
Browser
Browser