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April 20, 2014

April 20, 2014

Posted by **Anonymous** on Wednesday, January 30, 2013 at 11:14pm.

The retailers are allowed a discount of 15% on the list price by the wholesaler. The prescribe rate of sale tax at all stages is 8%. A customer buys an article from the retailer at the listed price.

Find the VAT paid by the retailer & wholesale

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