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
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Pls help me for this question
Replies (5)
Quick Summary
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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