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A Retailer Purchases a Fan for ₹ 1200 from a Wholesaler and Sells It to a Consumer at a 15% Profit. If the Rate of Sales Tax (Under Vat) at Every Stage is 8%, Then Choose the Correct Answer

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प्रश्न

A retailer purchases a fan for ₹ 1200 from a wholesaler and sells it to a consumer at a 15% profit. If the rate of sales tax (under VAT) at every stage is 8%, then choose the correct answer from the given four options
VAT paid by the retailer

विकल्प

  • ₹180

  • ₹110.40

  • ₹96

  •  ₹14.40

MCQ
योग
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उत्तर

VAT deducted by the retailer

= ₹`(1380 xx 8)/(100)`
VAT paid by wholesalers
= ₹96.
Net VAT paid by his
= ₹ 110.40 – 96.00
= ₹14.40 .

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