Question: this question about VAT: A shopkeeper sells an article at its marked price $ 7500 and charges sales-tax at the rate of 12% from the

this question about VAT:

A shopkeeper sells an article at its marked price $ 7500 and charges sales-tax at the rate of 12% from the customer. If the shopkeeper pays a VAT of $ 180, calculate the price inclusive of tax paid by the shopkeeper.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!