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A manufacturer buys some goods for Rs.60,000 and pays 5% tax. He sells these goods for Rs. 80,000 and charges tax at the rate of 12%. Find the VAT paid by the manufacturer. |
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Answer» A manufacturer buys some goods for Rs.60,000 and pays 5% tax. He sells these goods for Rs. 80,000 and charges tax at the rate of 12%. Find the VAT paid by the manufacturer. |
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