BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Peter wants to buy a new earphone. The total selling price is $ 150, the state rate is 4%, the city tax rate is 1%, what’s the total purchase price?
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$150
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$157.5
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$75
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$225
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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: -The company will levy a 30% cut on every dollar developers generate through Google Play beyond the first $1 million in a year, it said.
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