Sale tax

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April 27, 2016 at 2:17 am #312796
abrizni10
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The Net selling price is the amount that the business wishes to achieve. Sir I don’t understand this mean? Can u pls explain?
April 28, 2016 at 11:47 am #312928
John Moffat
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Have you watched the lectures on sales tax?

The gross price includes sales tax, but the business cannot keep the tax – they pay it to the state. So all the business actually ends up with is the net selling price (excluding the sales tax).
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