BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Peter purchased $250 for a bag, the tax rate is 4.5%, what’s the selling price?
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$261.25
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$11.25
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$245.5
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$239.23
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Explanation:
Detailed explanation-1: -Long-term capital gain = Final Sale Price – (indexed cost of acquisition + indexed cost of improvement + cost of transfer), where: Indexed cost of acquisition = cost of acquisition x cost inflation index of the year of transfer/cost inflation index of the year of acquisition.
Detailed explanation-2: -Sales tax is always calculated on the selling price of an item and is added to the value of the bill.
There is 1 question to complete.