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A shopkeeper buys an article whose list price is ₹ 400 at some rate discount from a wholesaler. He sells the article to a consumer at the list price and charges sales tax at the rate of 9 % . If the shopkeeper has to pay a VAT of ₹ 3.60, find the rate of discount at which he bought the article from the wholesaler |
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Answer» A shopkeeper buys an article whose list price is ₹ 400 at some rate discount from a wholesaler. He sells the article to a consumer at the list price and charges sales tax at the rate of 9 % . If the shopkeeper has to pay a VAT of ₹ 3.60, find the rate of discount at which he bought the article from the wholesaler |
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