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please help me why the answer is 630 of this question ?
Mandy sells goods worth $25,500 inclusive of sales tax and buys goods for $18,100 excluding sales tax. Relevant rate of Sales tax is 17.5% on the listed price. Calculate how much does Mandy has to pay the tax authorities in respect of these two transactions?$1767
$630
$1102
$1295Sales including sales tax 25500
lets say good value is X then sale tax at of 17.5% will
x*(17.5/100 ) + x = 25500
1.75x=25500
Sales Value = X + 21702
so
21702 + 21702 * 17.5% = 25500on purchase we get sales tax refund from
so net sale tax figure will be
21702-18100=3602
the sale tax paid to the authoties
3602*17.5%
630.35
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