Question

c) Mr. Thapa bought a motorbike for Rs 1,25,000 and fixed its price 20 % above i dost price. Then, he allowed 10 % discount and sold to Mr. Gurung. How much mr.Gurung paid for it with 13 % VAT?
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Answer 1

Step-by-step explanation:

(I) cost price for wholesaler 125000

market price=125000+20/100

125000=150000

(II) discount 10% of 150000=15000

cost price of retailer= marked price - discount

125000 -15000=110000

cost price includes tax=110000+8/100*110000=118800

(III)cost price for whole saler=110000

sale price for wholesaler=118800

profit for whole saler

.8800

vat is 176

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