Cost of manufacturing including profit of the manufacturerRs. 10,000Ex – InterviewSolution

1.	Cost of manufacturing including profit of the manufacturerRs. 10,000Excise Tax1,200Cost of Transport, Storage1,000Profit to the Retail Traders1,0001Sales tax1,650Price for the consumer14,850In the example of the TV, what proportion of the cost of the TV did the consumer pay as tax?
Answer» 12% of the cost of the TV is charged as tax. The consumer pays Rs. 1,200 by way of tax.

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