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A buys an article for Rs.8,000 and sold it to B at 20% profit. If the rate of tax under VAT is 8%, find : (i) tax paid by A (ii) tax charged by A (iii) VAT paid by A |
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Answer» A buys an article for Rs.8,000 and sold it to B at 20% profit. If the rate of tax under VAT is 8%, find : (i) tax paid by A (ii) tax charged by A (iii) VAT paid by A |
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