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10 questions from this quiz
14%
Total amount ×14114\times \frac{14}{114}×11414
Base amount ×14100\times \frac{14}{100}×10014
VAT charged on sales to customers
VAT paid on purchases from suppliers
VAT output - VAT input
R35
R25.20
When VAT is already included in price
Apply mark-up to cost, then VAT to SP
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