Question

A company sells an article to a dealer for Rs.40500 including VAT. the dealer sell it to some other dealer for Rs.42500 plus tax. The second dealer sells it to a customer at a profit of rupees 3,000 if the rate of sales tax under VAT is 8% .find cost of article (excluding tax) to the first dealer. total Tax (under VAT) received by the government. the amount that a customer pays for the article

Answer 1

8750 is the best answer