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August 4, 2015

Homework Help: maths- commercial mathematics(value added tax)

Posted by anoynomous on Thursday, March 7, 2013 at 3:18am.

A shopkeeper sells an article at the listed price of Rs.1500 and the rate of value added tax is 12% at every stage of sale. If the shopkeeper pays a Value added tax of Rs. 36 to the Government, what was the price, inclusive of Tax, at which the shopkeeper purchased the article from the wholesaler?

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