(Solution) - How much tax did Ajinkya keep from the tax it -(2025 Original AI-Free Solution)
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How much tax did Ajinkya keep from the tax it collected based on the purchases it made from supplier A?
Ajinkya Electronic Systems, a company in India that manufactures many different electronic products, has to purchase goods and services from a variety of suppliers (wire, diodes, LED displays, plastic components, etc.). The table below shows several suppliers and the VAT rates associated with each. It also shows the purchases in $1000 units that Ajinkya made (before taxes) from each supplier in the previous accounting period. Ajinkya's sales to end users was $9.2 million, and Ajinkya's products carry a VAT of12.5%.
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