Gold custom duty in nepal
Asked by maham237 @ in Mathematics viewed by 137 People
10 tolas gold bought from American market at $ 553 per tola is sold in Nepal at 20% customs duty charge and 13% VAT. At what price should it be sold ?
Answered by maham237 @
Answer: $735.49
Step-by-step explanation:
Given, the price of 10 tolas gold bought from American market = $553
Custom duty charge = 20%
VAT = 13%
Custom duty charge = 20% of $553
= 0.20 x 553 [we divide a perecntage to convet it into decimal]
= $110.6
VAT = 13% of $553
= 0.13 x 553
= $71.89
Selling price = Original price +Custom duty charge + VAT
= $553+$110.6+ $71.89
= $735.49
Hence, it should be sold at $735.49
.
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