Asked by Anonymous
A manufacturer lists the price of the goods at Rs.240 per article. The wholesaler gets a discount of 25% on the goods from the manufacturer.
The retailers are allowed a discount of 15% on the list price by the wholesaler. The prescribe rate of sale tax at all stages is 8%. A customer buys an article from the retailer at the listed price.
Find the VAT paid by the retailer & wholesaler
The retailers are allowed a discount of 15% on the list price by the wholesaler. The prescribe rate of sale tax at all stages is 8%. A customer buys an article from the retailer at the listed price.
Find the VAT paid by the retailer & wholesaler