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Question
A wholesaler buys a computer from a manufacturer for ₹ 40000. He marks the price of the computer 20% above his cost price and sells it to a retailer at a discount of 10% on the marked price. The retailer sells the computer to a consumer at the marked price. If the rate of sales tax (under VAT) is 10% at every stage, then choose the correct answer from the given four options
Consumer’s cost price inclusive of VAT is
Options
₹47520
₹48000
₹52800
₹44000
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Solution
Sale price to consumer
= ₹4800
VAT paid by the consumer
= ₹48000 x `(10)/(100)`
= ₹4800
Consumers cost price inclusive of VAT
= ₹48000 + ₹4800
= ₹52800.
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