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The cost of an article is Rs.6,000 to a distributor. He sells it to a trader for Rs.7,500 and the trader sells it further to a customer for Rs. 8,000. If the rate of tax under VAT is 8%; find the VAT paid by the : (i) distributor (ii) trader |
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Answer» The cost of an article is Rs.6,000 to a distributor. He sells it to a trader for Rs.7,500 and the trader sells it further to a customer for Rs. 8,000. If the rate of tax under VAT is 8%; find the VAT paid by the : (i) distributor (ii) trader |
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