A retail store credited the Sales account for the sales price and the amount of sales tax on sales.If the sales tax rate is 5% and the balance in the Sales account amounted to ¥252,000,000, what is the amount of the sales taxes owed to the taxing agency?
A) ¥240,000,000
B) ¥252,000,000
C) ¥12,600,000
D) ¥12,000,000
Correct Answer:
Verified
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