Question

A manufacturer marks an article at Rs. 5,000. He sells this article to a wholesaler at a discount of 25% on

Answer 1

 A manufacturer marks an article for Rs. 5000. He sells it to a wholesaler at a discount of 25% on the marked price and the wholesaler sells it to a retailer at a discount of 15% on the marked price. The retailer sells it to a consumer at the marked price and at each stage the VAT is 8%.