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A buys some goods for Rs.4,000 and sold them to B for Rs.5,000. B sold these goods to C for Rs. 6,000. If the rate of tax (under VAT) at each stage is 5%, find (i) VAT paid by A (ii) VAT paid by B |
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Answer» A buys some goods for Rs.4,000 and sold them to B for Rs.5,000. B sold these goods to C for Rs. 6,000. If the rate of tax (under VAT) at each stage is 5%, find (i) VAT paid by A (ii) VAT paid by B |
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