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
Next Avenue (3 Points)
26 April 2021If 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
prasad Nilugal
(3914 Points)
Replied 26 April 2021
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 30 April 2021
Does this mean,
FOB= invoice price
+VAT
+import duty
+freight = inventory cost (it must be)
+ mark up= selling price (obviously)?
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
