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Question

A shopkeeper sells an article at the listed price of Rs.1500 & the rate of VAT is 12% at each stage of sale.

If the shopkeeper pays a vat of Rs.36 to the government, what was the price inclusive of tax at which the shopkeeper purchased the article from the wholesaler?



Your Answer
A

Rs.672

Your Answer
B

Rs.1300

Correct Answer
C

Rs.1344

Your Answer
D

Rs.2688

Your Answer
E

Rs.1400


Solution

The correct option is C

Rs.1344


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