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CTP · Question #321
CTP Question #321: Real Exam Question with Answer & Explanation
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Question
- (Topic 4) A customer buys a laptop for $850 and a CD for $13. Only items with sale price of $15 and greater are subject to value added tax (VAT). Assuming VAT of 8.5%, how much tax does the customer incur at the point of sale?
Options
- A$72.25
- B$73.36
- C$722.25
- D$922.25
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