Thursday

April 24, 2014

April 24, 2014

Posted by **Anonymous** on Sunday, February 3, 2013 at 2:08am.

per article. The wholesaler ge6ts a discount of 25%

on the goods from the manufacturer.

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 reatailer

at the listed price. Find the Value added tax paid by the retailer & wholesaler

- maths-urgently needed -
**Reiny**, Sunday, February 3, 2013 at 8:44amI noticed that you posted this question several times and nobody has answered it. That is probably due to the fact that we are not familiar with VAT.

I will give it a shot.

list price by manufacturer = Rs 240

wholesaler gets 25% discount, so he pays

Rs 180

question: does VAT get added here ?

if so, there would be tax paid on tax already added at the end.

without VAT added at this stage, the retailer discounts the RS 180 by 15% , thus list price by retailer is .85(180) = RS 153

This makes no sense to me.

Where does the wholesaler make his profit?

Isn't he taking a loss ???

I think this question needs more clarification.

**Related Questions**

maths-urgently needed - A manufacturer lists the price of the goods at Rs.240 ...

maths-urgently needed-plse help - A manufacturer lists the price of the goods ...

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 ...

Marketing - I need help filling in the blanks for this price chain in marketing...

Maths urgent help needed, - 1.Mr Sim bought new tv at a discounted price of 15%....

calc2 - A manufacturer sells two products, one at a price of $3000 a unit and ...

Calculus 2 - A manufacturer sells two products, one at a price of $3000 a unit ...

Calculus 2 - A manufacturer sells two products, one at a price of $3000 a unit ...

Math - Professional Security Systems purchased 5 dozen dead-bolt lock sets from ...