A Retailer Buys 200 Tables at $550 Each (Including GST

question 6

Multiple Choice

A retailer buys 200 tables at $550 each (including GST of $50) and sells all of them for $880 each (including GST of $80) .How much needs to be remitted to the tax department?

• A) $6000
• B) $16 000
• C) $10 000
• D) $15 000

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Definitions:

Obedience Study

A research experiment that investigates the extent to which individuals comply with orders from an authority figure, often associated with Stanley Milgram's experiments.

Stanley Milgram

An American social psychologist best known for his controversial experiment on obedience to authority conducted in the 1960s.

Critics

Individuals who evaluate or analyze works of art, literature, or performances, often providing insights or judgments.

Predictions

Statements or claims made about the future based on current evidence or past experiences.