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Question

The list price of an article is Rs.3000. A shopkeeper sells the article to a consumer at the list price and charges sales tax at the prescribed rate 12 % . If the shopkeeper pays a VAT of Rs.60 to the State govt., at which price inclusive of sales tax did the shopkeeper buy the article from the wholesaler?

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Solution

Since the profit is not given we cannot find the price inclusive of sales tax.

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