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Question
Find the tax paid by the wholesaler. If the rate of sales tax be 10%.
Solution
Let the M.P. of the Wholesaler be ₹ 150
S.P. of wholesaler = ₹ 150 + 10% of ₹ 150
= 150 + 15
= ₹ 165
VAT by wholesaler = ₹ 150 - ₹ 100 = ₹ 50
∴ So tax paid by wholesaler = 10% of ₹ 50 = ₹ 5.
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