Assume That a Product Has the Following Three Stages of Production

question 19

Multiple Choice

Assume that a product has the following three stages of production: $\begin{array}{ccr}\text { Production Stage } & \text { Selling Price } \\1 & € 80 \mathrm{C} \\2 & € 960 \\3 & € 15,00 \mathrm{C}\end{array}$ If the value-added tax (VAT) rate is 20 percent,what would be the VAT over all stages of production?

• A)€64
• B)€120
• C)€2,808
• D)€3,000

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