If the FOB price of a mobile is $52, the Import Duty is 25%, the Value Added Tax is 18% and the freight is $10; what is the cost of this mobile after adding taxes and freight? *
I got an answer as $91.45 is that correct if not pls help me in this
5 Replies
prasad Nilugal
(3914 Points)
Replied 26 April 2021
Sir , will you please explain your calculations ,how answer is $ 91.45 ?.
yasaswi gomes
(My grammar is 💯 good I)
(7290 Points)
Replied 30 April 2021
Does this mean,
FOB= invoice price
+VAT
+import duty
+freight = inventory cost (it must be)
+ mark up= selling price (obviously)?
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