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in Mathematics by (30.0k points)
The marked price of an article is Rs. 10,000. A buys it at 30% discount on the marked price and sells it at 10% discount on the marked price. If the rate of tax under VAT is 5%, find the amount of VAT paid by A.

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Best answer

M.P. of an article = Rs.10000

A purchased it at discount of = 30%

C.P. of an article

VAT paid by A = Tax charged - Tax paid = Rs.450 - Rs.350 = Rs.100

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