Question

A manufacturer sells an article to a wholesaler with marked price ` 2000 at a
discount of 20% on the marked price. The wholesaler sells it to a retailer at a
discount of 12% on the marked price. The retailer sells the article at the marked
price. If the VAT paid by the wholesaler is ` 11.20, find the:
(i) Rate of VAT
(ii) VAT paid by the retailer.

Answer 1

Answer is 30 and fourty

Answer 2

Answer is 30 and fourty....