Posted by **Anonymous** on Thursday, January 24, 2013 at 7:30am.

A manufacture of furniture sells a sofa set to a retailer for Rs 23000.the retailer, inturn, sells the sofa set to a customer for Rs 29000.find the VAT rate as percent,if the retailer pays Rs520 as VAT

- maths -
**Steve**, Thursday, January 24, 2013 at 10:12am
Is the VAT based on the cost, or the increase in price?

- maths -
**Anonymous**, Thursday, January 24, 2013 at 10:16am
vat means value added tax

- maths -
**Steve**, Thursday, January 24, 2013 at 10:20am
yes, but I don't know the details of how it is calculated.

- maths -
**Anonymous**, Thursday, January 24, 2013 at 10:23am
question has insufficient data

- maths -
**Steve**, Thursday, January 24, 2013 at 10:30am
Is the vat calculated on the cost (23,000), like sales tax, or on the increase (6,000)?

- maths -
**Anonymous**, Thursday, January 24, 2013 at 11:48am
yes

- maths -
**Anonymous**, Thursday, January 14, 2016 at 4:11am
,klhk

## Answer This Question

## Related Questions

- maths - A manufacture of furniture sells a sofa set to a retailer for Rs 23000....
- maths - A manufacture of furniture sells a sofa set to a retailer for Rs 23000....
- maths-urgently needed - A manufacture of furniture sells a sofa set to a ...
- business studies II - Jojo sells newspapers on a busy street corner near the ...
- maths-urgently needed - A manufacturer lists the price of the goods at Rs.240 ...
- maths - A manufacturer lists the price of the goods at Rs.240 per article. The ...
- Maths - By selling a sofa set at 85% of the labelled price, Apex furniture ...
- math - A retailer planned to buy some computers form a wholesaler for a total of...
- math - A retailer planned to buy some computers form a wholesaler for a total of...
- math - A retailer planned to buy some computers form a wholesaler for a total of...

More Related Questions