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Question
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 collected by the Government on the sale of the fan is
Options
₹14.40
₹96
₹110.40
₹180
Solution
VAT collected by the govt, on the sale of fan
= ₹ `11040/100`
= ₹110.40.
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