A manufacturer lists the price of the goods at Rs.240
per article. The wholesaler ge6ts 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 reatailer
at the listed price. Find the VAT paid by the retailer & wholesaler.
1 answer
I don't know what you mean by the acronym, "VAT."
1 answer