+2 votes
in Class 11 by kratos

A shopkeeper sells an article at the listed price of Rs.1,500 and the rate of VAT is 12% at each stage of sale.If the shopkeeper pays a VAT of Rs. 36 to the Government, what was the price, inclusive of Tax, at which the shopkeeper purchased the article from the wholesaler?

1 Answer

+5 votes
by kratos
 
Best answer

∴ The price at which the shopkeeper bought the article

∴ The price at which the shopkeeper purchased the article inclusive of sales tax

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