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Question
Find the tax paid by the retailer. If the rate of sales tax be 10%.
Solution
Let the M.P. of retailer be ₹ 200
S.P. of retailer = ₹ 200 + 10% of ₹ 200
= 200 + 20
= ₹ 220
VAT by retailer = ₹200 - 150 = ₹ 50
∴ So tax paid by retailer = 10% of 50 = ₹ 5.
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