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3.00 is 120%. What you want to know is what was the price before the 20% i.e what is 100%
Alternatively you can say (100/120 ) x3=$2.50
if you say 20/100 the answer ..you assume that the price before the premium , the 100% is 3. Which is not the case.
Damaged good are audit risk as they mean that valuation of inventory is overstated.
I am so happy i found this answer because i ave been struggling with this for some time.
so i understand:
If the taxpayer’s P.A will be impaired by him earning over 26 100 and 100,000 in (2013/14), then i will need to use the Gross contribution to adjust his N.Income?
However,are you saying that fo an individual earning 115,000, i still need to adjust his Rate bands AS WELL AS adjust his Net income for the gross pension/gift aid contribution?
Please help as I am sure this bound to be on the exam. I get everything else but this keeps beating me.