Question

The manufacturer sold a TV to a wholesaler for Rs.7000. The wholesaler
sold it to a trader at a profit of Rs.1000. If the trader sold it to the customer
at a profit of Rs.1500, find:
(i) the total VAT (value added tax) collected by the state
government at the rate of 5% .
(ii) the amount that the customer pays for the TV.

Answer 1

2505 rs that the customer pays for the tv