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A manufacturer produces a good which cost him Rs.500. He sells it to a wholesaler at a price of Rs.500 and wholesaler sells it to retailer at a price of Rs.600. The retailer sells it to the customer at a price of Rs.800. If the sales tax charged is 5%. Find the tax charged under VAT by manufacturer, wholesaler and retailer. Find the tax paid by the customer?

Asked by Jacob 11/11/2016 Last Modified 24/11/2016

1 Answer

+2 Sales Tax and VAT

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