TULU VUO
9. Mohit, a dealer in electronic goods, buys a high
class TV set for 61,200. He sells this TV set
to Geeta, Geeta to Rohan and Rohan sells it to
Manoj. If the profit at each stage is 2,000 and
the rate of VAT at each stage is 12-5%, find :
(i) total amount of tax (under VAT) paid to
the Government.
(ii) Money paid by Manoj to buy the TV
set.
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