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A manufacturer X sells a refrigerator to a trader Y for ₹ 22500. The trader Y sells it to a trader Z at a profit of ₹ 1250 and trader Z sell it to a consumer at a profit of ₹ 1000. If the rate of value added tax (VAT) is 4%, find the total amount of tax (under VAT ) received by the government on the scale of the refrigerator. |
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Answer» A manufacturer X sells a refrigerator to a trader Y for ₹ 22500. The trader Y sells it to a trader Z at a profit of ₹ 1250 and trader Z sell it to a consumer at a profit of ₹ 1000. If the rate of value added tax (VAT) is 4%, find the total amount of tax (under VAT ) received by the government on the scale of the refrigerator. |
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