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Pls help me for this question

VAT (Legacy) 360 views 5 replies

If the FOB price of a mobile is $52, the Import Duty is 25%, the Value Added Tax is 18% and the freight is $10; what is the cost of this mobile after adding taxes and freight? *

I got an answer as $91.45 is that correct if not pls help me in this

Replies (5)
Sir , Which country you belong to ?.

I am from Gabon. Thank you

Sir , will you please explain your calculations ,how answer is $ 91.45 ?.
Yes it is correct

Does this mean,

FOB= invoice price

+VAT

+import duty 

+freight = inventory cost (it must be)

+ mark up= selling price (obviously)?


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