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A wholesaler buys a TV from the manufacturer for Rs. 25,000. He marks the price of the TV 20% above his cost price and sell it to a retailer at 10% discount on the marked price. If the rate of VAT is 8%, find the: 

(i) marked price. 

(ii) retailer’s cost price inclusive of tax. 

(iii) VAT paid by the wholesaler.

1 Answer

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Best answer

(i) Cost price for wholesaler = Rs 25000

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