A shopkeeper sells an article at the listed price of Rs 1,500 and the rate of VAT is 12% at each stage of sale. If the shopkeeper pays a VAT of Rs 36 to the government, what was the price, inclusive of tax, at which the shopkeeper purchased the article from the wholesaler? [3 MARKS]

A shopkeeper sells an article at the listed price of Rs 1,500 and the

1.	A shopkeeper sells an article at the listed price of Rs 1,500 and the rate of VAT is 12% at each stage of sale. If the shopkeeper pays a VAT of Rs 36 to the government, what was the price, inclusive of tax, at which the shopkeeper purchased the article from the wholesaler? [3 MARKS]
Answer» A shopkeeper sells an article at the listed price of Rs 1,500 and the rate of VAT is 12% at each stage of sale. If the shopkeeper pays a VAT of Rs 36 to the government, what was the price, inclusive of tax, at which the shopkeeper purchased the article from the wholesaler? [3 MARKS]

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A shopkeeper sells an article at the listed price of Rs 1,500 and the rate of VAT is 12% at each stage of sale. If the shopkeeper pays a VAT of Rs 36 to the government, what was the price, inclusive of tax, at which the shopkeeper purchased the article from the wholesaler? [3 MARKS]

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