Answered: nce the sales price of a product is 590…

nce the sales price of a product is 590 TL within VAT (Value Added Tax), find the sales price without VAT (VAT rate is 18%.) A)

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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Question

39 - Since the sales price of a product is 590 TL within VAT (Value Added Tax), find the sales price without VAT (VAT rate is 18%.)
A) 350

B) 300

C) 400

D) 450

E) 500

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