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A trader buys some goods for Rs. 12,000 and sells them for Rs. 15,000. If the rate of tax under VAT is 12%,

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A trader buys some goods for Rs. 12,000 and sells them for Rs. 15,000. If the rate of tax under VAT is 12%, find the VAT paid by the trader?

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VAT paid by trader = Rs.1800 - Rs. 1440 = Rs. 360

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