1. The selling price of Tomatoes is OMR 0.11 per 0.20 Kg. (6 marks) a) If the price includes the farmer's profit of 20%,
Posted: Tue Nov 16, 2021 7:09 am
1. The selling price of Tomatoes is OMR 0.11 per 0.20 Kg. (6 marks) a) If the price includes the farmer's profit of 20%, calculate the cost price of one ton of tomatoes. b) If consumer must pay 5% VAT tax on the per kilogram retail price, calculate the total paid by consumer. c) In Greensboro, a city in state of North Carolina in the U.S.A., the price is 184% higher than in Muscat. Calculate the Omani farmer's profit if he were to export his produce to Greensboro assuming Export Tax of 15% d) Calculate the American consumer price if the USA government subsidizes him by 100%.