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A manufacturer of furniture sells a sofa set to a retailer for Rs.23000. The retailer, in turn sells sofa set to a customer for Rs.29500. find the VAT rate as percent, if the retailer pays Rs.250 as VAT.

Answer» A manufacturer of furniture sells a sofa set to a retailer for Rs.23000. The retailer, in turn sells sofa set to a customer for Rs.29500. find the VAT rate as percent, if the retailer pays Rs.250 as VAT.


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